Recent Market Performance:
SHIB has experienced a 16% increase over the past month, reaching a peak of $0.00001492 before a slight pullback. However, recent whale activity indicates a potential shift in momentum, with significant holders reducing their positions, suggesting short-term bearish pressure .
Technical Analysis:
Resistance Levels: SHIB faces resistance around the $0.00001470 mark, aligning with the 100-day EMA. A breakout above this level could pave the way toward the 200-day EMA and a potential rise to the $0.0000165–$0.0000172 range .
Support Levels: If SHIB fails to maintain its current support, a pullback toward $0.0000125 may occur before the next potential leg up .
