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Shiba Inu has taken a sharp hit, dipping over 3% in a single daily session — a move that came without even testing any strong resistance zones. The concerning part? SHIB slipped right back below the 50-day EMA after briefly holding above it, suggesting the recent climb may have been more momentum-fueled than fundamentally sound.
Despite attempting to build some bullish structure from the $0.00001130 level, SHIB failed to attract meaningful buying pressure to break key resistance around $0.00001450. This swift rejection casts doubt on the strength of the rally and opens the door for an earlier-than-expected market shift.