Shiba Inu's Third-Largest Recovery Rally of 2026 Crushed
Shiba Inu's latest attempt at recovery has faltered, and the token is now back below its short-term moving averages. The price surge was fueled by a significant increase in trading volume, with $SHIB soaring through its short-term moving averages. However, sellers intervened near the 100-day EMA at $0.00000503, rejecting the price before it could establish a foothold above the moving average.
The rally had appeared convincing, with one of the biggest daily volume spikes of the year. The expected crossover between the 20-day and 50-day exponential moving averages was about to form, indicating growing short-term momentum. However, the reversal has caused the gap to widen once more, postponing any technical confirmation that a sustainable trend reversal is taking place.
The rapid loss of buying pressure following the explosive move is reflected in the RSI's retreat from overbought territory toward neutral levels. $SHIB is currently positioned between significant support and resistance levels, with the shorter-term moving averages still converging at $0.00000448, which is immediate support.