Shiba Inu Price Hike Triggers Caution Amid Strong Resistance

Shiba Inu's recent price increase may be short-lived as it faces significant resistance levels. Despite the 5.5% surge, analysts believe that the token's rebound towards $0.0000100 is likely to be capped by strong selling pressure.

The market remains cautious, with risk appetite still fragile across high-beta corners of crypto. Shiba Inu's price action has been characterized as 'reflex rally' rather than a clean trend reversal.