Shiba Inu failed to establish itself above the psychologically significant resistance near $0.00000500 after a rebound attempt, with sellers quickly regaining control. The price has fallen back below the 20-day moving average, while the RSI has retreated to around 53, signaling a significant weakening of buying pressure. In the futures market, long liquidations reached approximately $176,000 versus less than $13,000 for short positions, demonstrating how quickly leveraged traders were driven out. The first support now sits near the rising 20-day moving average at $0.00000465. The next level in case of a breakdown would be the recent breakout area at $0.00000445, with bulls still targeting a recovery of the 50-day moving average.
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