Shiba Inu Faces Critical Test at 26 EMA: Breakout or Rejection? 📈
Shiba Inu (SHIB) finds itself at a significant juncture, testing its 26-day Exponential Moving Average (EMA), a decisive resistance level for its short-term trajectory. Following a lengthy decline, SHIB showcases some recovery, gradually advancing toward this critical barrier. A successful breakout beyond the 26 EMA could lead to further gains, possibly aiming for the 50 EMA.
However, failing to overcome this hurdle might cause a resurgence of selling pressure, pushing SHIB back to prior support levels. Notably, low trading volume persists, reflecting a lack of strong buying interest that could impede bullish momentum.
Source: www.tokenpost.com ↗
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