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Shiba Inu can’t hold a rally. The token slipped back under the $0.00000500 resistance mark after what looked, briefly, like a real breakout — and now sellers are back in charge.
Last week’s move had some traders feeling good. SHIB pushed higher, broke out of its range, and generated the kind of buzz the meme-coin crowd lives for. But the follow-through didn’t come. The token ran straight into the 50-day moving average and stalled. Since then, it’s fallen back below the 20-day moving average too, and the daily candles are painting a pretty clear picture: lower highs, cooling momentum, and a market that’s basically lost its nerve. The 100-day and 200-day moving averages are sitting way above current price, which sounds bullish on paper — but right now they’re not doing much for anyone holding SHIB.
The RSI tells a similar story.
Momentum Fades After Overbought Rejection
The Relative Strength Index pulled back from overbought territory and is sitting near 53. That’s not a disaster reading, but it’s not bullish either. It means buying pressure cooled fast after the rejection, and if sellers keep pushing, there’s not a lot of technical support stopping another leg down. The bounce didn’t stick. And the RSI drop from overbought to mid-range in a short window usually means the people who bought the breakout are now questioning whether they should’ve.
Long liquidations hit approximately $176,000 in recent sessions. Short liquidations? Just under $13,000. That gap is pretty significant — it’s not a balanced flush, it’s leveraged longs getting caught offside after the resistance rejection. Traders who bet on the breakout continuing got stopped out fast. The speed of that exit says a lot about how thin the conviction was behind the move.
Futures markets are showing caution too. Flows have turned negative over longer periods, which is a shift from where sentiment was sitting when the rally was building. Spot market inflows are still net positive — so there’s some genuine buying interest — but the speculative side of the market is pulling back. That split between spot buyers and futures traders isn’t unusual after a failed breakout, but it does make the near-term path harder to read.
Exchange Reserves Rise, Selling Risk Builds
On-chain data isn’t helping the bull case right now. Exchange reserves have ticked up slightly, meaning more SHIB is sitting on trading platforms and available to sell. When that happens alongside a failed resistance test, it’s a setup that can get ugly — holders who bought lower might decide the recent gains are good enough and start cashing out. That kind of profit-taking adds to whatever natural selling pressure already exists.
The increase in overall on-chain inflows runs in the same direction. More tokens moving toward exchanges, not away from them. It doesn’t mean a crash is coming, but it does mean the supply side of the equation is getting heavier right when demand seems to be softening.
For bulls, the math is pretty straightforward. Reclaiming the 50-day moving average is the first real objective. Without that, the trend stays bearish by most standard readings. The 20-day moving average at $0.00000465 is the more immediate support level — that’s where buyers probably want to see a hold. If that breaks, the next area of interest is around $0.00000445, which is roughly where the recent breakout originated. Breakout zones often flip to support, so that level probably matters.
But getting back above $0.00000500 is the actual test. The token has failed there, and resistance that’s been tested and held tends to get stickier, not weaker, on the next attempt. Traders will want to see volume behind any push through that level — without it, another rejection seems likely.
The spot market staying positive is maybe the one thing keeping this from looking completely one-sided. There’s still buying happening. It’s just not enough, right now, to overpower the sellers or drag the price back through the levels that matter.
Exchange reserves up, RSI fading, $176,000 in long liquidations cleared out — SHIB’s first support sits at $0.00000465.
Frequently Asked Questions
What resistance level did Shiba Inu fail to break?
Shiba Inu failed to hold above $0.00000500, a level that also lines up with the 50-day moving average, which has acted as a ceiling since the recent rally stalled.
How much was lost in long liquidations during recent SHIB trading sessions?
Approximately $176,000 in long positions were liquidated, compared to just under $13,000 in short liquidations, showing leveraged bulls took the brunt of the rejection.
