Shiba Inu's recent attempt at recovery has failed as the price was unable to break above the crucial 100 EMA resistance level, resulting in a setback. Traders and investors are now questioning the possibility of a long-term upward trend. The price is currently trading at around $0.00002215, reversing its recent rally attempt. The rejection at the 100 EMA resistance level indicates bearish sentiment and a lack of conviction in pushing SHIB higher. The decline in trading volume also suggests a decline in interest in the token, making it challenging for the price to maintain any bullish momentum. Support is expected near the 200 EMA at around $0.00002055, and a break below this level could lead to further price drops. To regain bullish momentum, SHIB needs to reclaim the 100 EMA resistance level at $0.00002255. The poor performance of Shiba Inu highlights the challenge of staying relevant to investors, and its future depends on finding new investors and maintaining support levels. Monitoring volume and momentum indicators will help determine whether the asset is likely to revert.



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