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Shiba Inu's 12-fold surge in trading volume recedes, and bulls hold on to key breakthrough levels

2026-07-28 00:43:29
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Despite weakening momentum, Shiba Inu remained above the 100-day moving average, temporarily maintaining its recent breakthrough structure amid profit-taking.

Volume surged nearly 12-fold, while traders focused on resistance near the 200-day moving average for bullish confirmation.

The relative strength indicator rose above 70, signaling an overbought signal, while buyers defended near key support levels, and the risk of a deep price correction is increasing.

Shiba Inu's recent breakthrough is facing its first major test. Although trading volume has surged nearly 12 times, buying momentum has begun to weaken. The memein remains above key technical support levels, but the latest price movement suggests traders have begun to take profits after one of the strongest rallies in the SHIB in months.

During its rise, the token broke through the 100-day index moving average, ending a long period of trading below this resistance level. Although the latest daily line shows that buyer momentum has weakened, SHIB is still holding on to this recovery level, keeping the overall breakthrough structure intact.

In addition, the surge in trading activity was the largest expansion in volume in recent months. Such surges are often accompanied by significant market fluctuations, reflecting increased engagement by buyers and sellers. However, it could also indicate that the rebound has entered a cooling phase as early investors lock in profits.

As a result, traders are watching whether the SHIB can maintain support near the 100-day index moving average of approximately $0.0000500. Holding that level would strengthen the case for further gains, while a break below could weaken the technical recovery.

SHIB approaches key long-term resistance

In addition to holding immediate support, SHIB also faces another important technical hurdle near the 200-day exponential moving average (approximately US$0.00000600). In the broader downward trend, this level has repeatedly suppressed rebound attempts, making it an important area of resistance for buyers.

Continued breakthroughs above the 200-day exponential moving average will represent the strongest bullish structural shift for SHIB this year. As a result, traders may view such breakthroughs as confirmation that buying demand is not limited to a recent volume-driven rally.

At the same time, another area of support is around US$0.0000445, where the shorter moving average provided support before the breakout accelerated. Losing the area would erase most of SHIB's recent technical progress and increase the possibility that the rebound will be driven by leveraged liquidations rather than persistent spot demand.

The momentum indicator also pointed to a more balanced market, with the relative strength indicator rising above 70, putting SHIB into overbought territory for the first time in months. Although a higher RSI does not guarantee an immediate reversal, it usually suggests buyers may pause before attempting to rise again.

In addition, abnormally high volume combined with overbought momentum suggests that price movements may be stabilizing while the market is assessing the strength of recent gains. Whether SHIB can maintain its breakthrough depends largely on whether buyers can hold on to the newly recovered support and ultimately overcome long-term resistance near the 200-day index moving average.

Conclusion

Although momentum shows signs of slowing, the technical aspects of Shiba Inu are still stronger than before the recent rebound. Maintaining above the 100-day index moving average remains a key short-term goal, while a decisive breakthrough of the 200-day index moving average will consolidate broader recovery prospects.

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