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▲ Shiba Inu (SHIB)/ChatGPT Generated Image
Shiba Inu (SHIB) has reportedly entered its most favorable technical recovery phase in recent months. Unlike the characteristic sharp fluctuations of meme coins in the past, the current trend is accompanied by a structure of gradually rising lows and the recovery of short-term moving averages, forming a more stable basis for a rebound, according to analysis.
U.Today reported that recovery signals are quietly building on the Shiba Inu chart. Shiba Inu has been forming an ascending wedge pattern with higher lows since March, and has recently reclaimed its short-term moving averages. The current price movement is directly testing the 100-day exponential moving average resistance level located at $0.00000645.
The $0.00000645 level has acted as a key resistance limiting Shiba Inu's rise in recent weeks. Breaking this price level holds significant technical meaning. Analysis suggests that if Shiba Inu moves above the 100-day exponential moving average and maintains that position, it could enter a larger recovery phase, expanding its upside potential towards the 200-day exponential moving average located above.
The upward momentum is also closer to gradual improvement rather than overheating. Trading volume has generally remained stable, and the Relative Strength Index (RSI) has not entered extremely overbought territory. This is interpreted as a favorable condition for forming a gentle trend rather than a sharp surge followed by a rapid decline.
Meme coins tend to react strongly when market sentiment improves. U.Today assessed that Shiba Inu is starting to attract speculative interest again, and its current technical position is in the most favorable zone since early March. However, overall market weakness remains a risk factor.
In particular, if Bitcoin (BTC) turns bearish, Shiba Inu's recovery trend could quickly lose momentum. Nevertheless, based on the current chart, Shiba Inu remains in a phase that increases its rebound potential, meeting three conditions: recovery of short-term moving averages, maintenance of an ascending wedge pattern, and an attempt to break the 100-day exponential moving average.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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