Shiba Inu (SHIB) is approaching a critical point — the 100-day moving average. This line has been acting as a "roadblock" throughout the year and has never been truly broken.



A recent look at the price increase reveals that this rise seems to be mainly driven by passive short covering rather than genuine market demand. The closer it gets to that moving average, the more the trading volume begins to shrink, which is a concerning signal. The RSI indicator is currently in the neutral zone, reflecting a market filled with hesitation and indecision.

The key points for the next move are: SHIB must see increased volume to break through and must stay firmly above the 100-day moving average. If it fails to do so, encountering resistance is highly likely, and a pullback to lower support levels would be understandable.
SHIB0.66%
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SerRugResistantvip
· 4h ago
It's that 100-day moving average again. How many times have we seen "this time it will definitely break through"? Still hyping when trading volume shrinks—laughable.
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NFTDreamervip
· 4h ago
The 100-day moving average is coming again. Can it break through this time? Feels uncertain... --- Decreasing trading volume, short sellers stop loss... Doesn't sound like anything new --- Talking about volume breakout is easy, can SHIB be powerful this time? --- It's another wait-and-see hesitation, this routine is pretty old --- If it can't break through, then retest, right? Repeating the same thing again --- The 100-day moving average has been a roadblock for a whole year, a bit awkward --- Not enough volume, can relying solely on stop-loss orders hold it up? --- RSI is neutral... indicating the market has no ideas, just waiting to die
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SeasonedInvestorvip
· 4h ago
Volume shrinking and still want to break the moving average? Dream on, this wave is just a bear trap to cut losses.
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