Shiba Inu’s recent breakout is encountering an important test as buying momentum cools after trading volume increased nearly twelvefold. The meme coin remains above a key technical support level, but the latest price action indicates that some traders have begun taking profits following one of SHIB’s strongest rallies in months.

During the move, SHIB climbed above its 100-day exponential moving average, ending an extended period in which the token traded below that resistance. Although the latest daily candle points to fading buyer momentum, SHIB has so far stayed above the reclaimed level, keeping the broader breakout structure intact for now. For highly traded meme tokens such as SHIB, these moving-average levels are closely watched because they help traders distinguish between short-term rallies and broader shifts in market structure.

The rise in trading activity was one of the largest volume expansions seen in recent months. Sharp increases in volume often accompany major market moves because they show stronger participation from both buyers and sellers. However, they can also indicate that a rally is moving into a cooling phase as early investors lock in profits.

As a result, traders are watching whether SHIB can continue to hold support near the 100-day exponential moving average at around $0.00000500. Remaining above that area would support the case for further upside, while a move below it could weaken the token’s technical recovery.

SHIB Faces Long-Term Resistance Near the 200-Day EMA

In addition to defending immediate support, SHIB is approaching another major technical barrier near the 200-day exponential moving average at approximately $0.00000600. That level has rejected several recovery attempts during the broader downtrend, making it a significant resistance zone for buyers.

A sustained move above the 200-day exponential moving average would mark SHIB’s strongest bullish structural shift this year. Traders would likely view such a breakout as confirmation that buying demand extends beyond the recent volume-driven rally.

Source: TradingView

Another support area is located near $0.00000445, where shorter-term moving averages previously helped support the price before the breakout accelerated. Losing that zone would erase much of SHIB’s recent technical progress and raise the possibility that leveraged liquidations, rather than durable spot demand, drove much of the rally.

Momentum indicators also suggest a more balanced market. The Relative Strength Index climbed above 70, placing SHIB in overbought territory for the first time in months. While an elevated RSI does not guarantee an immediate reversal, it often signals that buyers may pause before attempting another move higher.

The combination of exceptional trading volume and overbought momentum suggests that SHIB’s price action could stabilize while the market assesses the strength of the recent gains. In that context, follow-through volume around support and resistance may be especially important, because breakouts that hold after an initial surge tend to show continued participation rather than a one-session spike in activity. Whether the token can preserve its breakout will depend largely on buyers defending the newly reclaimed support and eventually overcoming the long-standing resistance near the 200-day exponential moving average.

Shiba Inu remains in a stronger technical position than it held before the latest rally, despite signs that momentum is slowing. Maintaining support above the 100-day exponential moving average remains the key short-term objective, while a decisive break above the 200-day exponential moving average would further reinforce the broader recovery structure.