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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.