Shiba Inu (SHIB) is once again navigating a familiar price territory, stirring discussions about a potential zero-removal rally. Despite the overall market”s subdued sentiment, the asset remains a focal point for speculation. However, an optimistic outlook seems unwarranted without a significant shift in market dynamics and participation.
The current technical setup reveals a lack of momentum, as indicated by the downward slopes of the 20-day, 50-day, and 100-day exponential moving averages (EMAs). SHIB finds itself beneath a robust resistance structure, typical of a downtrend, where any upward movement may quickly reverse. This trend is further corroborated by trading volume, which has seen a consistent decline over recent months, despite occasional spikes.
In the context of zero-removal events, such rallies typically require coordinated accumulation by large holders, substantial macroeconomic shifts, or significant inflows of capital. At this juncture, none of these elements appear to be in play. Nevertheless, there remains a glimmer of hope for SHIB. The support range between $0.0000080 and $0.0000083 has historically attracted buyers, suggesting a stabilization point for the asset.
The market is not in freefall but rather experiencing a stall, as evidenced by the relative strength index (RSI) holding steady in the midrange and the absence of pronounced bearish pressure. Should buyers regain control, this period of consolidation could serve as a foundational base for future gains.
However, the critical factor remains the need for a catalyst. A breakout above the $0.0000093 to $0.0000095 resistance zone appears unlikely without a corresponding increase in volume. Should this resistance be breached, it could pave the way for an advance toward $0.0000107 and beyond, potentially triggering a momentum shift. In summary, while the technical conditions suggest that a zero-removal is feasible, the market still requires clear evidence of increased activity. If SHIB fails to surpass its current resistance levels in the near term, there is a risk of a retreat toward the mid-$0.0000070s. Investors would be prudent to monitor whale movements, trading volumes, and breakout attempts, as a genuine zero-removal run can only occur when these factors align.
