Shiba Inu Price Struggles Amid Resistance at 26 EMA

Shiba Inu (SHIB) recently attempted to break above the 26-day Exponential Moving Average (EMA), but the move was a fakeout, trapping bullish traders before the price retraced. Currently, SHIB is trading around $0.00001410, lacking strong upward momentum. The 26 EMA remains a key resistance level, and sellers continue to dominate as each breakout attempt is swiftly rejected.

If SHIB can reclaim and sustain above $0.00001550, it could target $0.00001700 or even $0.00001800. However, persistent resistance suggests that bullish momentum is still weak. One of the biggest concerns is the declining trading volume. While activity briefly surged, the continued drop in volume signals waning investor interest. Without significant buying pressure, any breakout attempt may struggle to hold.

Bearish sentiment keeps SHIB in a vulnerable position, and unless fresh buying interest emerges, a substantial recovery remains uncertain. A breakout above the 26 EMA could reignite bullish momentum, but the ongoing fakeouts and lack of volume signal caution for traders.