Shiba Inu Stalls at 20-Day Resistance—Will a Major Reversal Toward $0.00002 Occur?
Shiba Inu Stalls at 20-Day Resistance—Will a Major Reversal Toward $0.00002 Occur?
Shiba Inu (SHIB) is struggling below the 20-day simple moving average, a key indicator for short-term price direction, as it searches for momentum. A bold outlook suggests that if the token breaks through major resistance, it could surge to $0.00002.
According to cryptocurrency media outlet The Crypto Basic on February 11 (local time), Shiba Inu has attempted to recover in recent days but is facing downward pressure after being blocked by strong resistance at the 20-day simple moving average (SMA). Market analysts emphasize that reclaiming and stabilizing above the 20-day SMA is urgently needed for SHIB to escape its current technical stagnation. If sufficient buying pressure enters at this level and breaks the resistance wall, the price could begin a full-fledged rally toward the psychological milestone of $0.00002.
From a technical analysis perspective, the 20-day SMA is considered a critical watershed that determines the survival of the short-term trend. Trading below this indicator signals that sellers are controlling the market in the near term, implying further downside risk. However, volume indicators and on-chain data reveal signs of whale accumulation at certain price ranges, leading analysts to believe that if key support levels hold firm, a foundation for a technical rebound could be established.
The report outlined a step-by-step scenario for SHIB to reach the $0.00002 target. The first stage involves breaking out of the current narrow consolidation range and moving above the 20-day SMA with strong trading volume, followed by absorbing selling pressure near previous highs. Analysts noted that increased activity on Shibarium, Shiba Inu’s Layer 2 solution, along with an acceleration in token burns, could fuel upward momentum, making the $0.00002 target a realistic possibility.
The overall sentiment in the broader cryptocurrency market, including Bitcoin (BTC), is also expected to significantly influence SHIB’s trajectory. If Bitcoin maintains key support levels and market confidence remains intact, capital inflows into altcoins such as Shiba Inu could follow. In particular, if regulatory easing under the Donald Trump administration becomes more visible, increased risk appetite could create a favorable external environment that accelerates SHIB’s price recovery.
Shiba Inu now stands at a crossroads between breaking technical resistance and defending critical support, continuing its pause for breath. Investors should remain cautious of short-term volatility and closely monitor changes in key indicators, as a break above the 20-day SMA may prove decisive for the token’s future direction. Market participants are closely watching on-chain metrics to determine whether an upward wave toward $0.00002 will begin or whether further correction lies ahead.
Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.
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