Shiba Inu (SHIB) is negotiated at $ 0.0000,1358 after a modest daily decision of 3%, extending a silent but regular upward trend that started in mid-April.
The token hovers just above its 21 -day EMA and comfortably below its 200 -day SMA (0.00001858) – a structure suggesting a potential for a reversal, but no confirmation yet. The daily RSI is 57.54, just shy by a level of bullish escape, while the MacD remains flat, indicating a lack of directional conviction.
Technically, SHIB builds a base – compress volatility and prices' action remains closely rolled up. A fence greater than 0.00001400 could open the door to a movement towards the 200 -day SMA, an area that aligns with the recent force of the room of the even wider room.
The History of May of Shiba Inu says they are completing
Historically, May was anything but boring for Shiba Inu. The sadly famous 355% in May 2021 transformed the landscape into a familiar name. But the following years brought extremes: an accident of -42.1% in May 2022 and a flat movement of + 2% in May 2023. This unpredictability is part of the attraction and the risk.
The macro environment has changed considerably since the explosive beginnings of Shib. Today, he has a market capitalization of $ 8 billion, launched Shibarium Like its layer 2 solution, and is deeply integrated into the Ethereum ecosystem.
The question is no longer whether Shib can shock the market – it is if it can maintain attention in an environment filled with faster rivals and narratives of saturated memes.
Shib is perhaps no longer the oppressed, but it is always the biggest jet of the same on Ethereum, with unequaled liquidity and a brand capital in space.
With RSI Rising and Momentum Building just below the resistance, a break towards the range of 0.00001600 to 0.00001850 $ is not out of reach, especially if the interests of the memes run towards the parts based on Ethereum.
However, this cycle will not reward nostalgia alone. Shibiba traders will monitor volume confirmation, small group structures and chain measures before entering. If Shib wants to rekindle his May magic, he will need a real catalyst – or a spark of the wider memes ecosystem.
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