Shiba Inu saw one of its strongest short-term reversals in weeks, with a nearly 4% surge that expanded its market capitalization by approximately $425 million. The token is currently trading at $0.00000493, up from an opening price of $0.00000474, and is testing a key resistance zone between $0.00000489 and $0.00000500. The daily RSI has quickly moved into bullish territory, rising from below 50 to roughly 61, while total exchange netflow remains heavily negative at approximately 207.3 billion SHIB. A confirmed break above $0.00000500 would establish the first meaningfully higher short-term trading range, though SHIB is still trading well below its long-term moving average at $0.00000574.
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