SHIB was rejected near the $0.0000259 resistance.
Most metrics were trending downward, but a few market indicators suggested otherwise.
A few days ago Shiba Inu [SHIB] broke out above the uptrend indicating a bull rally. However, the situation on the ground turned out to be different as SHIB's price movement remained less volatile.
Let's take a look at the current state of SHIB to understand what's going on.
Shiba Inu stays sluggish
SHIB's Social Volume remained high, reflecting the popularity of the meme coin.$ETH $SHIB