Shiba Inu’s price surged 40% driven by a 12-fold increase in trading volume, but this recovery quickly faltered. Sellers aggressively rejected the price near the 100-day exponential moving average at $0.00000503, preventing the token from establishing a foothold above this technical barrier. The anticipated bullish crossover between the 20-day and 50-day moving averages, viewed as a short-term bullish signal, was cancelled by this pullback. Immediate support stands at $0.00000448 while the major resistance remains the 200-day EMA near $0.00000602. With the RSI retreating toward neutral levels, SHIB’s biggest recovery attempt in months has stalled before a complete trend reversal could occur.
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