Saad Ullah
Shiba Inu (SHIB) bounced to $0.0000120 from $0.0000110 lows, but a shooting star candlestick pattern signals potential trouble ahead.
SHIB (Shiba Inu) Bounces Back But Warning Signs Emerge
Shiba Inu clawed back from $0.0000110 USDT to reclaim $0.0000120, helped by RSI climbing out of oversold territory. But a shooting star pattern just appeared on the daily chart - that's bad news. This formation shows up when buyers lose control: long upper wick, small body near lows. Market tried pushing higher but couldn't hold gains, suggesting buying pressure is already weakening.
SHIB (Shiba Inu) Volume Stays Weak Despite Price Recovery
Here's the problem: volume behind this bounce has been terrible. Real recoveries need strong volume, but SHIB isn't getting it. Without volume confirmation, this rally lacks foundation. Combined with the shooting star pattern, it's screaming "be careful" rather than "buy more."
SHIB (Shiba Inu) Must Break 26 EMA at $0.0000134 for Real Recovery
SHIB now faces its 26 EMA resistance at $0.0000134 USDT. Breaking and holding above this level would flip sentiment from recovery to reversal. But with weak volume and bearish candlestick patterns, SHIB might need to pull back first before any real breakout attempt. Smart money is staying cautious until stronger technical signals appear.
Saad Ullah
