Will Shiba Inu (SHIB) Hold or Break Down? Ethereum (ETH) Poised for New High

Recent price action for Shiba Inu (SHIB) reveals a crucial turning point. Despite its attempts to surpass resistance, SHIB has been unable to break through a significant level, currently trading around $0.00001277. This is reflected in its 26-day EMA acting as a strong rejection zone, further highlighted by the limited upward movement despite repeated attempts to overcome this range. This period of hesitation is underscored by declining volume, indicating both bulls and bears lack conviction in the current trend.