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Shiba Inu shows signs of recovery, rising nearly 30% since February lows amid key resistance at $0.0000076.

Technical Signals
30 Apr 2026
Coinpaper
View Source
Neutral
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Shiba Inu (SHIB) has gained nearly 30% since hitting lows in February 2026, signaling early signs of stabilization after a prolonged decline from its 2024 peak. The token faces a critical resistance level at $0.0000076, aligned with its 200-day moving average, which could either trigger selling from investors holding losses or pave the way for further gains if broken decisively. Analysts suggest a breakout above $0.0000060 could lead to targets near $0.0000072 and possibly $0.0000080, while a drop below $0.0000058 risks reinforcing the downtrend. Market direction hinges on whether buyers can overcome near-term resistance to sustain momentum.

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