Shiba Inu’s 6,894% Surge: Bullish or Bearish? 🐶🔥

Let’s start with the price action: SHIB is still falling beneath the 50, 100 and 200 critical moving averages, all of which are angled downward. Every attempt at a bounce is promptly sold into. The chart is still locked in a distinct downtrend with lower highs and lower lows. This structure indicates exhaustion rallies inside a dominant bearish channel rather than accumulation. Any upward movement is noise rather than a change in trend until SHIB recovers at least the 50-day EMA and breaks above the cluster around $0.00095-$0.00105. 🦄😢
