Shiba Inu Fails to Clear 26-Day EMA as Bears Hold Control
Shiba Inu (SHIB) is testing the 26-day exponential moving average (EMA) as resistance while the broader trend remains bearish. Price action shows lower highs and lower lows; attempts to rally fade as sellers use rallies as exit points. Recent on-chain/market volume was around 374 billion SHIB, which the report describes as insufficient to validate a true breakout. Short-term EMAs remain below longer-term EMAs, a classic bearish alignment, and the RSI sits in neutral territory — suggesting indecision rather than a reversal. Two scenarios are highlighted: a bullish breakout if SHIB reclaims the 26-day EMA with rising volume (potential short squeeze toward higher EMA clusters), or a more likely rejection that sends SHIB back to recent support zones if volume stays weak and market sentiment cools. At the time of reporting SHIB traded near $0.00000599, down ~6.33% in 24 hours. Primary keywords: Shiba Inu, SHIB price, 26-day EMA, breakout, breakdown, volume.
Bearish
The article points to a continuation of bearish structure: lower highs/lows, short-term EMAs below long-term EMAs, and neutral RSI — all indicators that momentum remains downward. Crucially, the current recovery attempt lacks validating volume (about 374 billion SHIB), making a sustained breakout unlikely absent a decisive increase in participation. Historically, SHIB and similar altcoins have required clear volume spikes to convert EMA resistance into support; absent that, rejections at key EMAs tend to trigger quick retracements and test lower support. Short-term impact: higher probability of further downside or range-bound weakness; traders should watch 26-day EMA and volume for any change in conviction. Long-term impact: until a structural shift occurs (EMAs realign and RSI confirms strength with sustained volume), the path of least resistance remains downward — meaning longer-term holders may see prolonged volatility and limited upside until a confirmed reclaim of the 26-day EMA.