Key Takeaways
Shiba Inu (SHIB) has gained 20% since March 2026, climbing toward its 200-day moving average at $0.0000075 in a technical recovery attempt after a prolonged decline.
"Following Dogecoin, the current technical setup points to the formation of a mean reversion scenario, which may become decisive for those who have been holding the token since late 2024," according to analysis of a TradingView chart. The move follows a broader resurgence in meme coins, with Dogecoin (DOGE) and Pepe (PEPE) also posting gains.
The token’s last significant peak was in December 2024 at $0.00003366, after which it lost 84% of its value over 18 months. Now trading at $0.00000628, SHIB is eyeing an 18% climb to its long-term average. However, momentum indicators like the Relative Strength Index (RSI) remain near neutral levels, suggesting a balance between buying and selling forces, according to data from IntoTheBlock.
A sustained move toward the 200-day moving average represents a critical test for the token. The key question is whether SHIB can overcome significant overhead supply at this level or if the rally is a bull trap, providing an exit for underwater investors before a potential return to consolidation.
The 200-day moving average is more than a technical line; it represents a zone of concentrated selling pressure. Market mechanics often pull assets back to their mean after extreme deviations, making the $0.0000075 level a mathematically plausible target for SHIB.
However, this level is also where a large number of investors who bought during the 2025 decline are looking to exit their positions with minimal losses. This accumulated mass of "underwater" positions creates strong overhead resistance. Whale behavior near this level will be decisive. If large holders absorb the selling pressure, SHIB could turn resistance into support. If they distribute into the rally, the recovery will likely stall.
Data on exchange flows provides a mixed picture. While inflows to exchanges have slowed, indicating immediate selling pressure may be easing, net flows remain slightly positive. This suggests the market is in a transitional phase, lacking the strong buying conviction needed to confirm a sustained reversal.
This article is for informational purposes only and does not constitute investment advice.
