Tag: descending trendline stretching

Bulls Try Again But EMA Wall Still Stops Breakout Attempts

The post Bulls Try Agacom. Shiba Inu price today trades near $0. 00001005, rebounding from demand zone support as buyers defend the floor. EMA resistance cluster between $0. 00001068 and $0. 00001257 continues to reject every breakout attempt. A breakout above the 20-day EMA confirms momentum shift, while failure risks a return to $0. 00000980 support. Shiba Inu price today trades near $0. 00001005, stabilizing after a rebound from last week’s low. Buyers stepped in at the lower demand zone and forced an intraday recovery back above the short term trend channel. But the broader structure remains controlled by sellers as SHIB trades below a long running descending trendline that has rejected every breakout attempt since August. Each rally attempt has been capped at that trendline and rejected back into the range. Major moving averages reinforce the ceiling: 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 current price. Until Shiba Inu closes above at least the 20 day EMA, the structure stays corrective. The Supertrend indicator also remains red, signaling that sellers still have directional control. This cluster of EMAs acts as a thick resistance zone. Every bounce into this region has been met with selling, sending SHIB back toward lower liquidity levels. 25K inflow today. While modest, it marks a shift after several sessions of consistent outflows. Positive netflow suggests some accumulation interest returning, especially near key support levels. The inflow aligns with price holding above $0. 00000980, a zone where buyers have stepped in multiple times during.