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Shiba Inu shows early signs of trend shift but remains fragile below key resistance.

Technical Signals
24 Mar 2026
Coinpaper
View Source
Neutral
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Shiba Inu (SHIB) is showing early signs of a potential trend reversal as it moves into a phase of tighter price consolidation and reduced selling pressure. The meme coin has been in a downtrend with consistent lower highs and resistance at key levels, but recent sessions show slower downward momentum and less aggressive sell-offs. SHIB is approaching the critical 50-day Exponential Moving Average (EMA), a key technical level that could signal a trend change if the price closes and holds above it for multiple sessions. However, analysts caution that this move is not yet confirmed, and traders should watch closely for sustained acceptance above the 50 EMA before considering a bullish shift.

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