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▲ Shiba Inu (SHIB), crypto whale/AI generated image
Shiba Inu (SHIB) has entered a consolidation phase after a sharp rise. Whether it breaks through $0.000005 is a watershed moment for further rebound.
According to U.Today on August 6 (local time), Shiba Inu is still below its 100-day and 200-day moving averages. This makes it difficult to conclude that the mid-to-long-term downtrend has ended. The nearest resistance level is the 50-day moving average, located around $0.000005.
The short-term trend is improving. Following the recent surge, short-term moving averages have started to rise, strengthening buying momentum. The Relative Strength Index (RSI) has also rebounded to approximately 58. Analysis suggests there is still room for further upside before entering the overbought zone. However, the upward momentum is not yet strong enough to reverse the mid-to-long-term trend.
Trading volume is a key variable that will determine whether the rebound continues. While market participation significantly increased during the initial surge, trading volume has steadily decreased since then. This is interpreted as a signal that many investors are postponing additional purchases and waiting for a confirmed breakout. If new buying pressure does not flow in, Shiba Inu may trade sideways below the resistance level.
The first support zone is between $0.00000465 and $0.0000047. Short-term moving averages also underpin this zone. If this support level breaks, Shiba Inu could fall back to around $0.0000044, where strong buying pressure previously entered. Shiba Inu appears to have moved from an impulsive rebound to a price consolidation phase.
If it decisively breaks the 50-day moving average, market attention could shift to a stronger recovery attempt. Conversely, if it is pushed back from the resistance level, the downtrend that dominated most of 2026 could prolong. Volume recovery and a breakout above $0.000005 are key conditions for determining the short-term direction.
[Article Key Summary]
-Shiba Inu's short-term upward momentum has recovered, but it remains below the 100-day and 200-day moving averages.
-Whether it breaks the 50-day moving average at $0.000005 is a key variable for further rebound.
-If trading volume continues to decrease, the support levels at $0.00000465 and $0.0000044 could be tested again.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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