Saad Ullah
Shiba Inu (SHIB) is stuck in a rough spot right now, failing to push past the $0.00001274 resistance level despite multiple attempts, showing that sellers are still in charge of this meme coin's price action.
Shiba Inu (SHIB) Gets Rejected Again at Critical Support
SHIB is doing something pretty concerning that you don't usually see when a crypto is trying to bounce back. Normally, when an asset attempts even a small recovery rally, it'll at least clear the 26-day moving average – that's like crypto recovery 101. But SHIB? It can't even manage that basic move, which is honestly pretty weak.
The coin is sitting below all the important moving averages right now, hanging around $0.00001274. Every time it tries to break higher, sellers just smack it back down. Even when we see volume pick up, the daily candle still closes below that level. That's not what you want to see if you're hoping for a comeback.
When volume goes up but price can't break resistance, it usually means sellers are eating up every buy order that comes in. That's exactly what's happening with SHIB – there's just too much supply hitting the market whenever buyers show up.
Shiba Inu (SHIB) Faces Multiple Resistance Walls
The 50 and 100 moving averages are acting like concrete walls above SHIB's current price. These levels separate "still in trouble" from "maybe getting better," and SHIB is definitely still in the trouble zone.
Here's what's really telling: the 26-day moving average should be the easiest one to break when a crypto starts recovering. Traders usually jump in early trying to catch trend reversals. But SHIB is doing the opposite – it's having trouble even testing higher levels around $0.00001321 or $0.00001472. The 26 EMA is basically acting like a ceiling that SHIB just can't crack.
Shiba Inu (SHIB) Technical Indicators Show No Signs of Recovery
The momentum indicators aren't helping SHIB's case either. The RSI is stuck below 50, which means there's no bullish momentum building up. There's also no sign of that bullish divergence that traders look for when a reversal might be coming.
Even when we see those random volume spikes, SHIB still can't close higher consistently. That's a red flag – it means every time buyers try to push the price up, sellers are right there waiting to dump on them.
Bottom line: unless SHIB can actually close above its short-term moving averages and hold those levels, any talk about a big rally is just wishful thinking. The sellers are still calling the shots, and SHIB needs to prove it can actually break through these resistance levels before anyone should get excited about a recovery.
Saad Ullah
