SHIB Rises 4.2% as Weekly Chart Breakout Targets $0.00000138

• SHIB trades at $0.056075, posting a 4.2% increase while holding above the $0.055775 support level.

• Price remains capped by $0.056121 resistance, keeping the 24-hour range structurally tight.

• AliCharts highlights a weekly channel breakout with price reference marked at $0.00000138.

Shiba Inu (SHIB) traded higher over the last session as price activity aligned with a technical development. The weekly chart shows SHIB moving out of a long-standing channel structure, drawing attention to a higher reference level. Notably, this movement comes as SHIB holds near short-term support while testing nearby resistance. The setup reflects a shift in structure rather than sentiment, based strictly on observed price levels and chart positioning.

SHIB Price Holds Above Key Support Zone

SHIB is currently trading at $0.056075 which represents a 4.2% growth period. But the price is near the support level of $0.055775 which keeps action close to hand in the near future. It is important to note that this support coincides with the recent consolidation behavior after previous downfalls.

At the same time, the 24-hour range shows limited expansion, suggesting controlled volatility. Price activity remains compressed between support and resistance, keeping market structure clearly defined. This stability, however, sets the stage for observing directional movement without introducing broader assumptions.nAs price holds this base, attention naturally shifts toward overhead levels, which frame the next phase of price behavior.

Resistance Test Defines Short-Term Structure

SHIB faces immediate resistance at $0.056121, a level that caps current upside attempts. However, price has repeatedly approached this area, maintaining proximity without sharp rejection. This behavior keeps resistance technically relevant within the current range.

SHIB also registered comparative strength with Bitcoin and Ethereum with gains of 3.5% and 3.0%, respectively. These numbers give some more background to the recent movement, but do not change the basic framework. Resistance is now outlined in a straightforward way, which makes the chart pick up a narrowing range to relate it to the larger technique of analysts.

Weekly Chart Breakout Highlights Higher Reference Level

SHIB seems to be emerging out of a declining channel on the weekly chart, according to AliCharts. This change of direction moves to the level of $0.00000138 indicated on the chart. Notably, this level stands as a historical reference rather than a forecast.

Shiba Inu $SHIB appears to be breaking out of a channel, opening the door to $0.00000138. pic.twitter.com/fsV1j0uTcR

— Ali Charts (@alicharts) February 12, 2026

The breakout structure emerges after extended consolidation within the channel, reinforcing its technical relevance. However, price action remains the only confirmed element, supported by visible chart levels. As weekly structure evolves, the interaction between short-term resistance and broader channel dynamics remains central to ongoing observation.