- Shiba Inu struggles to reclaim $0.000015 as selling pressure intensifies near the 200-day moving average.
- Price consolidates near the 100-day EMA with volume declining, reflecting hesitation in current market sentiment.
- A move above $0.0000145 could trigger a bullish breakout, while failure may lead to a pullback toward $0.000012 support.
Shiba Inu (SHIB) is consolidating just above the $0.0000134 price level after failing to sustain its upward push earlier this month. The asset attempted to reclaim the $0.000015 mark but faced firm resistance around the 200-day moving average. This rejection prompted a local price correction, halting further gains and leaving SHIB in a sensitive position.
Currently, SHIB is trading slightly above the 100-day Exponential Moving Average (EMA), which serves as a temporary support level. This zone has become a pivotal range as buyers and sellers weigh their next moves. Despite earlier momentum, decreasing trading volume suggests limited buyer interest at current levels. The Relative Strength Index (RSI) remains neutral, fluctuating between 48 and 50, offering no strong directional signal.
Resistance Levels Pressuring Price Movement
Efforts to breach the $0.00001449 resistance level have not succeeded. This price point remains a critical barrier for any renewed bullish attempts. If SHIB fails to attract sufficient volume to overcome this level, it risks falling toward the next support target at $0.00001267. A deeper pullback to the psychological level of $0.000012 could further undermine July’s earlier breakout.
On the upside, a clean break above $0.0000145 with strong buying pressure may open the way toward $0.000016 and potentially extend to $0.00002. Such a move could validate a bullish continuation pattern and spark renewed speculative interest. However, current market conditions indicate a cautious sentiment, with traders showing hesitance due to low conviction.
Market Remains in Wait-and-See Mode
SHIB remains range-bound between horizontal resistance and support levels. The price is also caught between the 100-day and 200-day moving averages, reflecting overall market indecision. Both retail investors and large holders are watching closely for a clear signal or catalyst—on-chain or macro—that could determine the next major move.
