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Shiba Inu’s latest recovery lost momentum after a 40% surge failed near the 100-day exponential moving average at $0.00000503. Trading volume had jumped twelvefold, but sellers quickly erased much of the advance. The pullback also delayed a potential mini-golden cross between the 20-day and 50-day EMAs.
SHIB initially climbed through its short-term moving averages as daily volume reached one of its strongest levels this year. The rise briefly restored attention to a token that had remained under sustained pressure.
The volume expansion suggested that new market activity supported the move rather than short-covering alone. Still, buyers could not maintain control once SHIB approached the 100-day EMA. Sellers stepped in near $0.00000503 and pushed the token back below that barrier. The rejection stopped what could have become SHIB’s third-largest recovery rally of 2026.
The 20-day and 50-day EMAs had moved close to a bullish crossover before the reversal. Market participants often track that pattern as an early sign of stronger short-term momentum. Instead, the price decline widened the gap between both averages. That shift postponed technical confirmation of a lasting trend reversal and weakened the recent breakout structure.
Can SHIB preserve its recovery structure while demand continues to fade? Immediate support sits near $0.00000448, where the shorter moving averages remain close together. Holding that area would preserve part of the breakout. A clear loss could return SHIB to the consolidation range that controlled most of July.
Also Read: Shiba Inu Exchange Reserves Drop by 1.4 Trillion SHIB: What It Means for SHIB Price
Trading activity declined sharply after the initial twelvefold expansion. At the same time, SHIB surrendered a large share of its gains as buyers lost momentum. The relative strength index also retreated from overbought territory toward neutral levels. That move matched the rapid decline in buying pressure after the brief surge.
Bulls still need to reclaim $0.00000503 before challenging the 200-day EMA near $0.00000602. That longer moving average continues to define the broader bearish structure. Meanwhile, blockchain trackers reported large transfers from Coinbase-related addresses. The transfers did not appear on open order books, so observers linked them to wallet rebalancing or cold-storage management.
Blockchain venues also recorded net withdrawals of 74 billion SHIB from centralized exchanges. Such movements can reduce near-term exchange supply when holders move tokens into self-custody. However, the available data cannot determine whether the withdrawals reflected accumulation or routine wallet reshuffling. The transfer activity still returned SHIB to traders’ watchlists. Traders now watch whether exchange withdrawals translate into lasting demand.
