Shiba Inu (SHIB) at a Crossroads

From a technical perspective, Shiba Inu $SHIB is still trading below all major moving averages, with the 200-day moving average continuing to act as a resistance ceiling. However, sales have significantly slowed down, currently forming a short-term ascending support below the price, creating a small ascending wedge against horizontal resistance. The Relative Strength Index (RSI) appears to be in a neutral zone with decreasing trading volume, which are traditional pressure behaviors that precede expansion. The bullish scenario depends on breaking the wedge resistance and regaining short-term moving averages, while failure of the ascending support indicates a continued downward trend.

SHIB

0.0₅82

+0.12%