Bulls Try Again But EMA Wall Still Stops Breakout Attempts

Shiba Inu Price Analysis: Stabilizing Near $0.00001005 Amid Resistance Challenges

Shiba Inu (SHIB) is currently trading near $0.00001005, showing signs of stabilization after rebounding from a key demand zone support. Buyers have actively defended this floor, leading to an intraday recovery above the short-term trend channel. However, the broader market structure remains under seller control, as SHIB continues to trade below a long-running descending trendline that has thwarted every breakout attempt since August.

### Resistance from EMA Cluster

A significant resistance cluster formed by the exponential moving averages (EMAs) between $0.00001068 and $0.00001257 remains a strong barrier. The specific EMAs include:

– 20-day EMA: $0.00001068
– 50-day EMA: $0.00001146
– 100-day EMA: $0.00001200
– 200-day EMA: $0.00001257

All four EMAs are stacked above the current price, reinforcing a thick resistance zone. Attempts to bounce into this area have consistently met with selling pressure, pushing SHIB back toward lower liquidity levels. Until the price closes above at least the 20-day EMA, the market structure remains corrective. Furthermore, the Supertrend indicator remains red, signaling that sellers maintain directional control.

### Sellers Maintain Control on Higher Timeframes

The daily chart highlights SHIB locked beneath the descending trendline extending from the early-year highs. Each rally attempt has been capped by this trendline, resulting in price rejection back into the established range. The continued presence of this descending trendline means the broader structure favors sellers.

### Spot Flows Indicate Stabilization as Buyers Defend the Floor

On the spot flows front, SHIB recorded a modest inflow of approximately $84,250 today. While relatively small, this marks a positive shift following several sessions of consistent outflows. The positive netflow indicates renewed accumulation interest, especially near the $0.00000980 support level, where buyers have repeatedly stepped in over the past month.

As long as SHIB holds above this critical support zone, downside risks remain limited. However, the current inflows are not yet substantial enough to catalyze a breakout. For a sustained upward rally, SHIB requires increasing inflows and higher trading volume as it approaches the EMA resistance cluster.

### Intraday Momentum Shows Early Strength but Needs Confirmation

On the 30-minute chart, SHIB recently broke out of a short-term descending channel and reclaimed the volume-weighted average price (VWAP) line—an encouraging signal that short-term traders are defending dips to prevent further declines. The Relative Strength Index (RSI) is hovering near 52, just above neutral territory, while price continues to hold above short-term support at the mid-channel zone.

The immediate intraday resistance stands near $0.00001020. A clean break above this level would flip intraday momentum in favor of the bulls, confirming an early trend reversal. Until then, the move remains tentative and requires follow-through buying.

### Outlook: Will Shiba Inu Move Higher?

Shiba Inu demonstrates signs of stabilization and defensive buying around major support levels, but a full bullish reversal has yet to be confirmed. Key obstacles remain overhead, notably the descending trendline and the stacked EMA cluster.

Traders should watch for a decisive close above the 20-day EMA and $0.00001068 resistance to signal a shift in momentum toward the upside. Until these technical barriers are overcome, the price structure is likely to remain corrective with sellers maintaining the upper hand.
https://bitcoinethereumnews.com/tech/bulls-try-again-but-ema-wall-still-stops-breakout-attempts/

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