Shiba Go To The Moon 🌝 🌝 $SHIB
Shiba Inu (SHIB) Price Prediction: Is This the Next Moon Shot — or Just a Trap for Retail Traders?
Shiba Inu is once again making headlines as its transaction volume surged to a staggering 5.76 trillion SHIB on May 20. This sudden spike has ignited a wave of excitement among retail traders, with "SHIB to the Moon" chants flooding social media. But beneath the hype, the on-chain data and technical structure paint a more cautious — and potentially bearish — picture.
Price Structure: Bouncing Back, But Still Below Key Resistance
SHIB has recently rebounded from its 100-day Exponential Moving Average (EMA), currently acting as dynamic support between $0.00001440 and $0.00001460. This range also aligns with a historical support zone, giving bulls some short-term hope.
Conclusion: Is SHIB a Buy Right Now?
Shiba Inu is showing technical resilience, but it's not out of the woods yet. If you’re planning to buy in, wait for a confirmed breakout above $0.00001600 with sustained volume and on-chain strength. Until then, the risk of a bull trap remains high.
Key Levels to Watch:
Support: $0.00001440–$0.00001460 (100-day EMA)
Resistance: $0.00001600 (200-day EMA)
Breakout Target: $0.000020
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