A few days ago, the price chart Shiba Inu (SHIB) The token showed a “death cross,” which is when the lower-order moving average drops below the higher-order moving average. This is usually a sign that downtrends are getting stronger. In this case, the 23-day moving average was crossing below the 50-day moving average. Many traders took this as a sign that there will be a downtrend in the medium term.

But markets are usually not that simple. In less than a week, the Shiba Inu found a local bottom above $0.00002, surprising everyone with a rise of more than 5%. This quick bounce makes us look at growth trajectories rather than bearish possibilities, as the token is now close to key resistance levels.

The current situation of the 23-day and 50-day moving averages creates a layered structure of potential obstacles. At $0.00002385 and $0.00002556, these points resemble a critical zone where price activity could pick up. Between these levels lies the $0.000025 mark – a key resistance line that could be a pivot point for further bullish momentum.

If this threshold is exceeded, this may indicate sufficient strength to push the token towards new territory.

The $0.00003 level is important, since it is a potential target that would mean a 30% gain from today's price. if Shiba Inu When it reaches this level, it will be in recovery mode, which shows that it can ignore technical warning signs.

But the way to the top is not guaranteed. The play between moving averages and resistance levels will likely decide whether SHIB will maintain its current momentum or pull back under new selling pressure.

Right now, the Shiba Inu is in a very interesting position, as it is kind of balancing between bearish technical signals and these unexpected bursts of strength.