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One of Shiba Inu’s most significant psychological levels is being tested again. SHIB briefly fell below $0.000005 following a steep selloff earlier this month, but buyers stepped in and pushed the token back toward that level. The key question now is whether the market is preparing to reclaim $0.000005 or waiting for another decline.
Between $0.0000050 and $0.0000052 is the immediate battleground. This range includes the 20-day EMA and a former support area that has turned into resistance after the recent breakdown.
In the best-case scenario, SHIB would recover $0.0000052 and establish support above it. The next resistance zone is tied to the 50-day EMA, which is currently located between $0.0000056 and $0.0000058. If SHIB breaks and holds above that area, it would likely draw additional buying pressure. A successful move beyond this zone would also suggest the earlier selloff may have been closer to a capitulation event rather than the start of a larger downswing.
A more plausible short-term outcome is continued range trading. SHIB could remain stuck between $0.0000046 and $0.0000052. After the initial rebound, volume has dropped significantly, indicating that both buyers and sellers are waiting for a clearer signal. Under this scenario, SHIB may build a base for several weeks before making a more decisive move in either direction.
As long as SHIB trades below key moving averages, a bearish outcome remains possible. Support near $0.0000045 becomes crucial if the token fails to recover $0.000005 and selling pressure returns. If SHIB breaks below $0.0000045, it could push the token toward new local lows and invalidate the current recovery effort.
For now, SHIB is at a critical juncture. The token has not yet fully lost $0.000005, but it has also not successfully reclaimed it. Over the next few trading sessions, it should become clearer whether $0.000005 can act as support again or whether it will instead function as a ceiling that keeps SHIB trapped in its downtrend.
Ready Card users outside the European Economic Area have reportedly faced an abrupt service halt after a transition involving the card issuer disrupted the USDC spending product, according to user notices shared on X.
A notice shared…
