Shiba Inu Price Rally Fades After 40% Breakout, Bulls Defend Support Zone

Shiba Inu's price rally has lost momentum after reaching a 40% breakout to $0.0000058, but bulls are still defending a newly established support zone around $0.0000045.

The vertical rally was accompanied by increased South Korean retail activity and a surge in token burns, which may have led some traders to take profits rather than build longer-term positions.

A 4-hour close above $0.0000048 would be an early bullish signal for the meme coin, but it faces resistance at $0.0000050 and the post-breakout supply zone between $0.0000052 and $0.0000054.