Shiba Inu is getting closer to the 26-day Exponential Moving Average (EMA), which presents a serious obstacle. At this critical technical level, SHIB is going to face a massive 500 trillion SHIB battle, according to data from IntoTheBlock.

This might be a pivotal time for the cryptocurrency since a break through this resistance could open the door to a bullish reversal, but a failure to do so could result in a significant price decline.