Bull Momentum in Shiba Inu Stalls Despite Active Buyer Support

Shiba Inu (SHIB) Posts Gains but Struggles to Clear 100-Day Moving Average Amid Market Uncertainty

On June 3, 2025, Shiba Inu (SHIB) saw a 2.9% rise, closing at $0.00001317. However, the token was unable to hold above the critical 100-day simple moving average (SMA) level of $0.00001332, indicating some hesitation in sustaining upward momentum.

In the past 24 hours, SHIB has established a solid support zone between $0.00001265 and $0.00001270, providing a potential base for future price increases. The cryptocurrency markets remain volatile amid ongoing geopolitical tensions and changes in trade policies, with SHIB standing out as one of the more resilient tokens during this period.

Despite the recent gains, the downtrend that started following the May 12 peak remains in effect, keeping the overall outlook cautious.

Technical Highlights:

• Strong buying interest was observed around $0.00001267, which served as a reliable support level during early trading hours.
• The price pattern showed higher lows and higher highs, enabling SHIB to break through resistance points at $0.00001294 and $0.00001313.
• After a consolidation phase between 01:07 and 01:34, the token experienced a sharp breakout at 01:35, backed by the highest volume spike of 14.6 billion tokens.
• SHIB traded within an ascending channel, reaching a local high of $0.00001345 before some profit-taking emerged.
• The tapering volume towards the session’s end suggested short-term resistance, though the overall bullish trend remains intact.

In summary, while SHIB faces challenges maintaining gains above the 100-day SMA, its established support and recent breakout activity suggest traders remain cautiously optimistic.