Shiba Inu Surges Toward $0.0000195 After Support Hold

Shiba Inu (SHIB) is currently trading near $0.057286 on Friday, slipping 3.13% over the past 24 hours, as traders monitored price action retesting a key support level.

Despite the intraday decline, market participation increased sharply, with 24-hour trading volume rising 49.38% to $155.31 million. On a weekly basis, SHIB remained higher, posting a 7.27% gain over the past seven days.

The price consolidation comes at a technically sensitive moment, as analysts point to a prolonged bearish structure that may be nearing exhaustion.

At the same time, renewed attention has emerged around Shiba Inu’s longer-term development roadmap, following confirmation of a future privacy-focused upgrade to the ecosystem.

SHIB Retests Key Support in Falling Wedge Pattern

In X post, Crypto analyst Bit Amberly said SHIB is currently retesting support within a falling wedge pattern on the two-day chart, a structure that has guided price action for several months. The pattern is defined by a descending channel marked by lower highs and lower lows, confirming a sustained bearish trend.

According to the analysis, the upper boundary of the channel has repeatedly acted as dynamic resistance, while the lower trendline has consistently attracted buyers.

Multiple failed breakout attempts throughout the middle of the channel suggest persistent selling pressure, though trading volume during the downtrend has remained relatively muted, often associated with distribution rather than panic selling.

Recent candles show SHIB holding above the lower boundary and beginning to curve higher. Bit Amberly noted that repeated downside rejections may indicate seller exhaustion.

If price breaks decisively above descending resistance with volume confirmation, the analyst outlined speculative upside targets at $0.0000100, $0.0000130, $0.0000160, and $0.0000195. Until such a breakout occurs, the broader trend technically remains bearish.

Shiba Inu Announces FHE Integration Across Ecosystem

Beyond short-term price action, Shiba Inu developers have confirmed plans to integrate Fully Homomorphic Encryption (FHE) across the ecosystem through a collaboration with cryptography firm Zama. The initiative will cover SHIB, BONE, LEASH, and TREAT, core assets used within Shibarium, the project’s Layer-2 network.

Zama CEO Rand Hindi stated that the encrypted asset suite is on the roadmap, with a target rollout in the second quarter of 2026. The upgrade is designed to encrypt transaction balances and activity by default while allowing smart contracts to execute on encrypted data without exposing sensitive information on-chain.

If implemented as planned, the upgrade would reduce transaction visibility while preserving public settlement, positioning Shibarium alongside other blockchain networks exploring privacy-preserving infrastructure. 

However, such features may face evolving regulatory scrutiny under frameworks such as MiCA in the European Union, where transparency and compliance requirements continue to develop.

Also Read | Shiba Inu Price Prediction 2026-2032: Will SHIB Skyrocket Soon?