1 week ago
4
Key Takeaways
- SHIB reached the 200-day SMA exactly.
- February resistance strengthened the rejection zone.
- Social attention peaked late in the rally.
- Whale transactions reached a four-month high.
- The 50-day SMA is back in focus.
Shiba Inu’s two-day rally stopped exactly at the resistance highlighted in our July 26 analysis, as SHIB reached approximately $0.0000058, where its 200-day simple moving average meets the February consolidation high. Sellers responded immediately, confirming the area as a major resistance zone.
The token traded near $0.00000496 at the time of writing on July 27, down about 6.6% ...
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