Shiba Inu (SHIB) Price Gains 15% — Can the Recovery Continue?

Shiba Inu (SHIB) has gained nearly 15% over the past month, showing signs of recovery after a difficult first half of the year. Despite the recent improvement, SHIB remains down around 25% since the beginning of 2026, reflecting the broader selling pressure that affected many cryptocurrencies during periods of geopolitical uncertainty and wider market weakness.

With SHIB now trading around $0.0000053, the token has recovered from its summer lows but remains below an important resistance area established during its late-August surge. The recent price action suggests that buyers are still active, although SHIB may need to break through several key levels before the recovery can extend meaningfully higher.

Shiba Inu (SHIB) technical analysis

SHIBUSD - 1 Day Time Frame

SHIB is currently trading around $0.0000053, above immediate support near $0.0000049. This area has recently attracted buyer interest and represents the nearest level to watch if selling pressure returns. The latest recovery accelerated sharply in late August, when SHIB briefly approached $0.0000062 before giving back part of its gains. Since then, the token has largely consolidated between approximately $0.0000049 and $0.0000056, suggesting that the market is currently attempting to establish its next direction.

The main obstacle for buyers is the support/resistance level around $0.0000062. A sustained move above this area could strengthen the improving technical picture and potentially allow the former resistance to begin acting as support.

Conversely, another rejection below $0.0000062 could keep SHIB within its current range. A break below $0.0000049 would weaken the short-term setup and could shift attention toward the next support around $0.0000044. A deeper decline could eventually bring the stronger support near $0.0000041 back into focus.

Shiba Inu (SHIB) price target

The immediate upside focus is on whether SHIB can challenge and sustainably break above $0.0000062. Establishing itself above this level could provide another positive technical signal and open the way toward the next major resistance around $0.0000067. This higher area corresponds with a prominent previous price level from May and could therefore attract increased selling pressure if SHIB reaches it.

On the downside, failure to overcome $0.0000062 could leave the token consolidating between $0.0000049 support and $0.0000062 resistance. Losing $0.0000049 would increase the possibility of a correction toward $0.0000044, while further weakness could place $0.0000041 back into focus.

For now, $0.0000062 represents the key upside level to watch. A sustained breakout could strengthen the case for a move toward $0.0000067, while continued rejection could keep SHIB range-bound or increase the risk of another test of lower support levels.

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