Shiba Inu (SHIB) is attempting one of its most significant technical breakouts in months, as the token marginally surpassed the long-term moving average that had capped its recovery since summer. SHIB trades around $0.00000571, after an intraday push to approximately $0.00000579, while holding above its shorter moving averages that have started turning upward. The RSI climbed above 60 but remains below overbought territory, leaving room for the breakout to extend. Exchange reserves increased by 0.14% and the seven-day moving average of mean exchange inflows jumped 24.12%, creating potential selling pressure as SHIB tests key resistance. To confirm the breakout, SHIB needs to maintain daily closes above roughly $0.00000560-$0.00000570, with next targets at $0.00000600 and then $0.00000620.
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