Usman Salis
Shiba Inu (SHIB) is trying to break above $0.0000145 resistance, but the lack of trading volume suggests this rally might not have legs.
Shiba Inu is doing something that has traders scratching their heads right now. It's trying to push through a key resistance level at $0.0000145, but there's barely anyone actually trading it. In crypto, we call this an "on zero" breakthrough – basically trying to break out without the fuel to keep going.
Here's the deal: SHIB looks okay on the surface. It's bounced back nicely from its recent drop and is now testing that 200-day moving average, which is pretty important resistance. The RSI is sitting at 56, which isn't overbought, so technically there's room to move higher. Sounds good, right?
Well, not so fast. The problem is what's missing – volume. While those green candles are pushing up toward resistance, hardly anyone's actually buying or selling. It's like watching a car try to climb a hill on fumes. Sure, it might make it a little way up, but it's probably going to roll back down.
Shiba Inu (SHIB) Volume Tells the Real Story
This is where things get sketchy for SHIB holders. When you see price moving up but volume dropping, that's usually not good news. It means there aren't enough buyers stepping in to support the move, and any decent-sized sell order could knock the price right back down.
Think about it – if people were really excited about SHIB breaking higher, you'd see a lot more trading activity. Instead, we're getting this weak push that looks more like a fake-out than a real breakout. Big holders or quick traders could easily dump their bags and send the price tumbling.
Shiba Inu (SHIB) Price Likely Headed Lower
Based on what we're seeing, this breakout attempt will probably fail. Unless volume suddenly picks up or the whole crypto market goes crazy bullish, SHIB is more likely to get smacked down at that $0.0000145 level and drop back to lower support.
If that happens, watch for the 50-day moving average around $0.0000136 and the 100-day at $0.0000130. Those could catch the fall, but there's no guarantees in this game.
Bottom line? SHIB might technically break above resistance, but without real conviction from traders, it's not going to stick. Sometimes the charts lie, and the volume always tells the truth. Right now, the volume is saying this rally is running on empty.
For anyone thinking about jumping in, maybe wait and see. If SHIB can break through with actual volume backing it up, then we'll talk. But betting on a breakout that has no foundation? That's usually how you lose money in crypto.
Usman Salis
