Shiba Inu’s Comeback Saga: Burn Rate Explodes and Wedges Tighten

Well now, the Shiba Inu coin didn’t budge a lick on Jan. 14, while Bitcoin and the other top dogs pranced about like they owned the river. If the market were a pond, SHIB would be that stubborn catfish eyein’ the bait from the bottom.

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The daily chart shows SHIB bottomed at $0.0000068 in December and then crawled back to nearly $0.000010. This bounce came as the two lines of the multi-month falling wedge drew near their convergence, like two coonin’ frontiersmen finally agreed on how to split the bacon.

Shiba Inu bounced above this upper lip and then gave it a good retest. A break-and-retest is a common trick to confirm a breakout, like checkin’ whether a ferryman really intends to ferry you across.

The coin’s Relative Strength Index and the Percentage Price Oscillator have tilted upward. Therefore, the most likely tale is a rebound as bulls target the stubborn resistance at $0.00001485, its highest mark since September last year.

The bullish SHIB price forecast will become invalid if it slips below the lower lip of the wedge at $0.0000068. If that happens, the yarn unravels faster than a cheap jacket in a winter wind. 🤠💨

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2026-01-14 22:07