Shiba Inu Eyes Breakout Above 200 EMA Amid Rising Accumulation
Shiba Inu is trading close to its 200-day EMA after a period of increased accumulation, with wallets and exchanges showing stronger inflows and holding behavior. That build-up of buying pressure has pushed price action nearer to a key technical level that many traders use to judge medium-term trend direction, making a breakout scenario more plausible if momentum persists. A confirmed move above the 200 EMA could flip market sentiment from neutral to bullish and attract short-term momentum traders, potentially exposing SHIB to higher resistance levels. However, analysts caution that confirmation via higher trading volume and follow-through is important to avoid a false breakout, and volatility remains a factor for risk-conscious investors.