Shiba Inu Price Pulls Back Amid Record Long-Term Holder Growth

Shiba Inu's price has been pulling back sharply after breaking above its descending trendline in late July, giving back most of its gains and pressing toward the 0.236 Fibonacci support area.

The cryptocurrency is retesting the broader structure from below, with the descending trendline from the February highs continuing to slope through the current price area.

All four EMAs remain above the current price, with the 20-day at $0.00000460 and 50-day at $0.00000463 sitting just above as the first resistance cluster.

Stochastic RSI has reset to zero, a condition that has historically preceded upside moves in prior cycles when followed by a bullish cross.