Shiba Inu Fails at Technical Thresholds as Ethereum Eyes Pre-Golden Cross Setup

The Shiba Inu (SHIB) token has hit zero on two critical technical thresholds. Despite its strong individual daily moves in months, SHIB's price has not been able to sustain itself above its short-term trend or long-term moving average.

One of the thresholds is the 50-day moving average, which SHIB briefly surged through during the late-July volatility spike but ultimately lost. The token now trades at approximately $0.00000448, which is almost exactly where the 50-day average sits.

The second threshold is the 100-day moving average around $0.00000493, which SHIB's progress has effectively been erased as well. Price briefly traded above this region during the spike but immediately lost it, leaving the token with no confirmed medium-term breakout.