Shiba Inu (SHIB) is testing the pivotal 200-day exponential moving average (EMA) at $0.00001451 following a sustained breakout above shorter-term EMAs, potentially ending a seven-month downtrend. The token recently surged to $0.00001548, invalidating previous bearish structures and forming a bullish golden crossover between its 50-day and 100-day EMAs.
Despite this momentum, technical indicators warn of short-term risks. The Relative Strength Index (RSI) has reached overbought territory at 78, historically preceding pullbacks or consolidation. SHIB now approaches the $0.000016-$0.000017 resistance zone – previously support before March's breakdown – where profit-taking could intensify.
A decisive break above the 200 EMA could trigger a trend reversal, targeting $0.0000185 resistance. However, failure to maintain support at $0.000014 risks retracement to $0.000013. Traders should prepare for volatility amid rising volume and whale activity, with the outcome hinging on SHIB's ability to consolidate above key moving averages.