Shiba Inu (SHIB) has gained approximately 3% in the past 24 hours and is currently trading around $0.00000535, above its support zone between $0.00000500 and $0.00000507. The key resistance level stands at $0.00000568, while the daily RSI at 57.6 indicates buyers have an edge but lack sufficient momentum for an explosive continuation. Net spot flows turned negative by approximately $271,000 over eight hours and $210,000 on the four-hour chart, though these figures remain negligible compared to the token’s $3.16 billion market capitalization. SHIB has recovered from its August lows but technical barriers continue to challenge a long-term bullish trend, and losing the $0.00000500 level could risk pushing the token toward the $0.00000480-$0.00000440 region.
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