Shiba Inu experienced a nearly 12-fold increase in trading volume, marking one of its strongest single-day movements in months. After the initial breakout, buyers are losing momentum, with the market likely entering a critical phase where profit-taking may outweigh new demand. SHIB is currently in overbought territory with an RSI above 70. Key technical levels to watch include support at $0.00000500 and macro resistance at $0.00000600, while a drop below $0.00000445 would eliminate most of the recent technical improvement.
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