Shiba Inu Faces Major Resistance as Bullish Recovery Struggles for Confirmation

What to Know

• SHIB gained approximately 3% within 24 hours, reclaiming moving-average support between $0.00000500 and $0.00000507 while trading near $0.00000535 per token.
• Buyers must defend $0.00000500 and overcome $0.00000568 resistance before the recovery can target August’s $0.00000620 peak with stronger momentum.
• Negative spot flows reduced exchange supply modestly, but futures activity and low liquidations failed to confirm strong bullish market conviction.

Shiba Inu has reclaimed an important support zone, although limited buying strength threatens its attempt to establish a lasting bullish trend. According to CoinMarketCap, SHIB gained approximately 3% within 24 hours, placing its market price near $0.00000535 as buyers strengthened their position.

Moreover, the token moved above several moving averages clustered between $0.00000500 and $0.00000507, creating an important technical foundation. This range now represents the primary support area for buyers seeking to protect the developing recovery from renewed selling pressure.

Additionally, a rising trendline from the August bottom reinforces this region and provides bulls with a clearly defined defensive level. However, Shiba Inu has repeatedly struggled to maintain upward momentum beyond $0.00000540, where selling pressure has limited recent advances.

During the August rally, SHIB approached $0.00000620 before sellers rejected the advance and pushed the token toward lower support levels. Before challenging that previous peak, buyers must overcome the long-term moving average currently positioned near the important $0.00000568 resistance level.

A confirmed breakout above $0.00000568 could strengthen the market structure and create another potential pathway toward the $0.00000620 region. Nevertheless, another rejection around that moving average could keep SHIB inside its existing range and expose weakening demand among traders.

Momentum indicators also support a cautious outlook because they have not confirmed the strong buying pressure required for a decisive breakout. SHIB’s daily relative strength index stands near 57.6, placing the token above the neutral level while remaining below overbought territory. Consequently, buyers currently hold a modest advantage, although momentum remains insufficient to support an aggressive extension of the ongoing recovery.

Source: Tradingview

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Negative Spot Flows Provide Limited Support for SHIB Buyers

Shiba Inu recorded approximately $271,000 in negative net spot flows during eight hours, while four-hour outflows approached $210,000. According to Coinglass, negative net flows usually indicate investors withdrew more tokens from exchanges than they deposited, reducing the supply available for immediate selling.

However, these withdrawals remain small compared with Shiba Inu’s approximately $3.16 billion market capitalization and cannot independently confirm bullish strength. Futures market activity also reflects uncertainty among traders, while open interest levels differ considerably across major cryptocurrency trading platforms.

Additionally, SHIB recorded approximately $112,000 in liquidations over 24 hours, representing limited pressure compared with its overall market valuation. Therefore, derivatives activity has not confirmed aggressive bullish positioning, despite the improving price structure and modest reduction in exchange supply.

Shiba Inu must maintain the $0.00000500 region because losing that support would weaken the rising trendline from the August bottom. Such weakness could expose lower support between $0.00000480 and $0.00000440, potentially reversing much of the token’s recent recovery.

Conversely, holding $0.00000500 and breaking $0.00000568 would strengthen buyer control while creating another opportunity to challenge $0.00000620. Overall, SHIB remains in a recovery phase, but stronger volume and sustained momentum remain necessary for a lasting bullish trend.

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