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Is SHIB about to break above the 100-day moving average? Trading volume is the key.
【Crypto World】Shiba Inu Coin(SHIB) is currently approaching a tough nut to crack—the 100-day moving average, which has not been truly broken this year.
The recent rally looks aggressive, but a closer look reveals that it’s actually driven by forced short covering, and buying pressure isn’t that strong. As SHIB gets closer to a key resistance level, trading volume has actually shrunk, which is a somewhat concerning signal.
On the technical side, the RSI is hovering in the mid-range, indicating that the market is still hesitating about whether to break through. The current situation is this: either SHIB sees a surge in volume to break through the 100-day moving average and completely change its trend; or if it gets pushed back, it could head straight to the next support level.
The key still depends on whether the subsequent trading volume can keep up. A rebound with insufficient volume is like a house of cards, ready to collapse at any moment. So whether this level marks a new starting point or a top signal will depend on the market performance in the coming days.