Shiba Inu, the popular meme cryptocurrency, recorded an impressive 13% price increase on Sunday, signaling continued meme coin market momentum heading into 2026. A technical breakout from a descending wedge pattern and bullish divergence indicators suggest this asset may be poised for a more expansive rally, with analysts targeting a $0.000032 price point—a potential 246% gain!
Technical Breakout and Bullish Divergence
Shiba Inu has been consolidating within a descending wedge pattern, a formation characterized by lower highs and gradually rising lows. This setup often hints at seller exhaustion and impending upward movement. Analysts noted a bullish divergence in technical indicators, where Shiba Inu’s momentum oscillator displayed higher lows despite declining prices. This is a significant sign of weakening downside pressure prior to a breakout.
The breakout above the wedge resistance confirms this bullish sentiment. Investors can expect amplified momentum as trapped short positions get liquidated, and new buyers drive the price forward. This upward move aligns with a low-resistance zone, providing a clearer path toward the $0.000032 target.
Why Wallet Concentration Matters
Data from on-chain analytics firm Santiment reveals a concentrated ownership pattern among the top holders. The largest 10 wallets currently control 63% of Shiba Inu’s total circulating supply, with one holder owning a staggering 41%—equivalent to approximately $3.3 billion. Such high wallet concentration often leads to sharp price swings, dictated by the behavior of these primary holders.
Although this concentration increases volatility, it also demonstrates strong holder confidence, a bullish sign for long-term investors.
Market Sentiment and Derivatives Data
The sentiment in the derivatives market further supports a bullish outlook. CoinGlass data shows significant interest in long-leveraged positions, with $1.11 million in long positions compared to $705,550 in short positions. This imbalance indicates traders are betting on future price gains.
However, investors should remain cautious as high leverage can lead to rapid liquidations if the market moves against the majority sentiment. Monitoring key price ranges, such as $0.0000078 (lower boundary) and $0.00000844 (upper range), will be crucial to understanding short-term price action.
Join the Shiba Inu Bull Run
The combination of a strong technical setup, concentrated wallet holdings, and bullish derivatives positioning creates a compelling case for Shiba Inu’s continued upward trend. If you’re considering jumping in on the meme coin frenzy, ensure you perform thorough research and remain aware of potential market risks.
Looking to maximize your crypto portfolio? Consider keeping track of the latest market trends with tools like Ledger Nano X, a highly secure hardware wallet for all your crypto investments. Protect your assets while riding the wave of Shiba Inu’s resurgence!
