Shiba Inu is trading at a critical point that may determine its next major price direction. The token is currently holding above its 50-day and 100-day moving averages near the $0.00001450 mark.
However, strong resistance from the 200-day moving average, positioned around $0.00001595, continues to cap any upward momentum. SHIB has regularly failed to surpass this level, which shows that it is an essential challenge in the short term.
With SHIB trading within this setup, it is now caught between necessary support and resistance points. With these structures, the price tends to move swiftly when pressure accumulates. Many are prepared for a sudden increase or a sharp decrease in prices.
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If the price falls to the 50-day and 100-day support areas, SHIB could fall back to the $0.00001250 area. As it has been a sturdy base in past downturns, it could pull in buyers if it is reached in the current market.
Then, a move above the 200-day average could see SHIB increase to $0.000018. Attaining this price target is expected to boost positive sentiment and push the market up again.
Source: Tradingview
Low Volume and Neutral RSI Signal Market Uncertainty
Despite the tension, trading volume has remained relatively low. This shows a lack of commitment from both buyers and sellers as the market waits for a clear signal.
Currently, the Relative Strength Index is 51, meaning SHIB has not reached the levels of overbought or oversold. This neutral release makes people even more uncertain and increases the chances of a big up or down move.
Since trading has been sideways for some time, any strong movement will likely bring volatility back to the markets. History has shown that sudden and intense price movements often surprise traders.
Experts are anticipating a break beyond the current market levels. The next significant move for SHIB is expected to depend on whether it breaks the 200-day resistance or holds above the 50-day and 100-day support.
Shiba Inu is stuck in a tight technical zone that could trigger a sudden breakout or breakdown. As the price sits between important moving averages and few large trades occur, the risk of a big move is high. It is essential for traders to carefully watch these levels, as SHIB might rush in any direction at any point.
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