Shiba Inu Faces Resistance at $0.0000145
Shiba Inu is once again trying to push above the $0.0000145 resistance level, but the move lacks the strong trading activity needed for a convincing breakout. Despite recovering from its recent dip, the attempt seems weak and unconvincing.
Weak Volume Behind the Push
Price movement without volume rarely holds up. The upward candles may look promising, but the declining trading activity signals that few buyers are backing this move. This makes the rally vulnerable to sudden drops if larger holders decide to sell.
Support Levels to Monitor
If the breakout fails, the price may fall toward the 50-day moving average around $0.0000136 or even test the 100-day level near $0.0000130. These points could act as temporary support, but the overall trend remains uncertain.
Conclusion
Without a significant rise in trading volume, this breakout attempt seems unlikely to last. Waiting for stronger confirmation may be a safer approach for those considering new entries.