Shiba Inu (SHIB) regained the $0.00002 level, an important psychological threshold for investors. This level has been tested frequently in the past as both support and resistance and has directly affected market psychology. However, the price rising above this level does not mean that buyers are taking control. The low trading volume and the neutral-bearish signals of technical indicators raise doubts about a sustainable rise. The fact that SHIB coin remains below the 50 and 200-day moving averages makes the struggle to build trust difficult.
$0.00002 Threshold and Volume Issue for SHIB Coin
$0.00002, SHIB It has often played a critical role in history. Staying above this level may increase investors’ optimism. However, it is noteworthy that the transaction volume was insufficient during the last rise. For example, while daily volume exceeded $2 billion in April, current volume is at $500 million. This shows that the purchases are speculative and short-term.
Moreover Relative Strength Index Momentum indicators such as (RSI) are in the neutral zone. This indicates that the price is susceptible to sudden declines. A stronger buying wave is needed for SHIB to surpass the resistance near $0.0000216. Otherwise, the risk of a return below $0.00002 will increase.
What is Needed for Shiba Inu to Rise?
For SHIB to experience a sustainable recovery, technical and fundamental factors must act together. First, a sustained breakout above the 50-day moving average ($0.000022) is needed.
If the $0.000022 level is permanently exceeded, investor interest can be expected to increase. On the other hand Shibarium Positive news such as updates or an increase in the token burn rate can also support the rise in price.
However, only large-scale sales can quickly reverse the gains. Especially Bitcoin 
$104,673.8has difficulty exceeding the 107 thousand dollar level altcoin marketIt negatively affects the. Because SHIB coin Investors should focus on fundamental developments rather than short-term speculation.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
