Shiba Inu (SHIB) gained nearly 2% to trade around $0.00000471, making another attempt to break above the psychologically significant $0.000005 level. The token holds above its shortest moving average but faces immediate resistance at $0.00000496, which guards the $0.000005 threshold. The daily RSI stands at 55, indicating upside potential without overbought conditions, while a support cluster has formed between $0.00000446 and $0.00000465. The main weakness remains trading volume, which has drastically declined since the late-July surge, undermining the credibility of the current advance. The 200-day moving average at $0.00000587 continues to decline and represents a major resistance for any sustained bullish reversal.
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