Shiba Inu is displaying signs of regaining strength. The meme-inspired asset has shown signs of a possible change in momentum by convincingly rebounding off the 100 EMA. Due to the subsequent uptick, SHIB has regained its position above the $0.0000150 mark, which is a short-term psychological threshold. This important support level held firm. More encouraging is the 26 EMA's behavior, which is currently curling upward and closely following the price.

This is a technical indication that buyers are taking back control and that short-term sentiment is improving, and it frequently signals the start of a momentum expansion phase. If this pattern continues, SHIB might make a serious effort to take back the 200 EMA, which is currently serving as resistance close to the $0.000016 mark.

The return of the asset to a medium-term uptrend would be confirmed by a successful break above the 200 EMA. Traders ought to exercise caution, though, as a double top could form. If volume does not support further upside, the previous high at $0.000017 might serve as a cap, and a failure to break higher could cause a retracement back toward the 100 EMA.

The current bounce appears to be more of a technical relief move than a euphoric breakout, as volume is still low when compared to previous breakouts. However, gains could accelerate if SHIB is able to draw in enough buy-side pressure to break through the 200 EMA.$BTC $XRP $PEPE