4 hours ago
3
Key Takeaways
- The latest two attempts to recover the 100-day SMA failed by the daily close.
- A spike to approximately 76,500 receiving addresses faded within days.
- The 0.236 Fibonacci retracement near $0.00000550 remains the larger barrier.
Shiba Inu rose roughly 30% into July 26 before giving back a substantial part of the move. SHIB traded near $0.00000496 at the time of writing, less than 3% below its 100-day simple moving average.
Since July 27, the token has remained between the 50-day SMA near $0.00000447 and the 100-day SMA around $0.00000509. Buyers have kept price above the lower average but have not secured a close above the resistance overhead.
SHIB Has Failed Twice Near the 100-Day SMA
SHIB briefly mov...
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