- SHIB tested $0.0000154 before retreating below major resistance levels.
- RSI near overbought suggests limited upside in the short term.
- 200-day moving average remains SHIB’s toughest resistance to break.
Shiba Inu’s recent rally has started to fade after hitting strong resistance levels. The price surged through key zones but failed to hold above $0.000015. Short-term indicators suggest a possible cooling period as sellers gain ground. At the moment, SHIB remains in a cautious uptrend, but upside momentum has clearly slowed.
Price Struggles Below Key 200-Day Moving Average
Shiba Inu (SHIB) is now facing strong resistance just below its 200-day moving average, a level widely watched by traders. At press time, SHIB is trading at $0.00001482, representing a 1.55% decline over the past 24 hours. The intraday high reached $0.0000154 before retreating.
Earlier, SHIB broke above resistance zones at $0.00001300 and $0.00001400 with rising volume, indicating bullish momentum. However, that rally has stalled as price action flattens below the 200-day MA, which is acting as a ceiling. Analysts note that this long-term barrier often determines the broader trend direction, making it crucial for SHIB to clear it for continued upside.
The Relative Strength Index (RSI) now hovers near the overbought threshold. This signals that the asset may enter a phase of sideways movement or minor retracement. So far, bulls have failed to maintain momentum, leaving the current level vulnerable.
Support Zones Offer Cushion as Volatility Rises
SHIB is now leaning on key support at $0.00001450, which has held through the most recent pullback. If that level breaks, traders will look toward $0.00001352 and $0.00001300 as fallback areas. These zones previously served as resistance and could now act as support in a reversal.
While short-term momentum has weakened, the structure remains cautiously bullish as long as SHIB stays above these levels. Analysts also highlight the intraday volatility, with wide price swings hinting at market indecision. The sharp move toward $0.00001540 and quick rejection underline this uncertainty.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
