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Shiba Inu's strong recovery attempt in 2026 fails as price drops and mini-golden cross is cancelled.

Technical Signals
28 Jul 2026, 11:37 WIB
UToday
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Bearish
Shiba Inu's strong recovery attempt in 2026 fails as price drops and mini-golden cross is cancelled.

Shiba Inu (SHIB) experienced a sharp but short-lived recovery in 2026, with a 40% price surge fueled by a 12-fold increase in trading volume. However, the rally quickly lost momentum as sellers pushed the price below the 100-day moving average, preventing a mini-golden cross that traders saw as a bullish signal. The decline in volume and failure to hold key support levels suggest the recovery attempt has stalled, leaving SHIB still in a bearish trend. Investors should watch for sustained buying pressure and a break above $0.00000503 before expecting a trend reversal.

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