- SHIB remains under pressure, trading below key moving averages on the 4-hour chart.
- RSI shows a slight recovery attempt but stays below the neutral 50 level.
- MACD crossover hints at a potential reversal, though momentum is still weak.
- A break above $0.00001336 could spark short-term bullish movement, while failure to hold $0.00001290 risks further downside.
Shiba Inu (SHIB) is showing signs of weakness as it continues to trade below critical moving averages, reflecting sustained bearish pressure. At the time of writing, SHIB is priced at $0.00001296, posting a slight decline of 0.62% over the last 4-hour session.
SHIB Faces Resistance From Key Moving Averages
On the 4-hour chart, SHIB is struggling to reclaim momentum, with the price firmly below all major moving averages. The 20, 50, 100, and 200 SMAs are currently positioned at $0.00001302, $0.00001336, $0.00001399, and $0.00001421, respectively, acting as layered resistance zones. The 9-period EMA also trails at $0.00001305, confirming the short-term downtrend.
This alignment of moving averages above the current price reflects a strong bearish structure and suggests that SHIB may continue facing downward pressure unless bulls can initiate a breakout.
RSI & MACD Hint at Weak Recovery
The Relative Strength Index (RSI) stands at 44.17, with a slight upward slope toward 48.50. While this indicates a minor recovery attempt, it remains below the neutral 50 level, implying that bearish momentum is still present.
Meanwhile, the MACD line has crossed above the signal line, with values at -0.000000050 (MACD) and -0.000000074 (Signal). The histogram has turned marginally positive, hinting at a potential reversal. However, the momentum remains weak, and confirmation from price action is still lacking.
Bearish With Cautious Optimism
Shiba Inu’s overall market trend remains bearish in the short term. The asset has been unable to reclaim the $0.00001400 psychological level after peaking in early May. Unless the meme coin can flip the 50 and 100 SMAs into support, upside movement will likely be limited.
However, the flattening RSI and early bullish MACD crossover suggest that a short-term bounce is possible, especially if SHIB breaks above $0.00001336 with strong volume.
The meme coin is currently navigating a decisive zone where bulls and bears are battling for control. The price remains below major moving averages, signaling bearish dominance. However, early signs of momentum recovery could set the stage for a potential reversal if key resistance levels are broken.
Investors and traders should closely monitor SHIB’s price action around the $0.00001300 region. A sustained move above $0.00001336 could trigger a short-term bullish trend, while failure to hold $0.00001290 may expose the asset to further downside.
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