Shibainu's Third Major Rebound Attempt in 2026 Fails... Mini Golden Cross Also Missed

Shibainu's recent rebound attempt failed, with the third-largest recovery rally of the year also losing momentum. According to blockchain media outlet Today, Shibainu's trading volume surged 12-fold, with the price briefly rising 40%, but it failed to surpass the 100-day EMA at $0.00000503, reversing much of the gains. This pullback also dashed the market's expectation of a mini golden cross. Shibainu was poised to cross the 20-day and 50-day EMAs the day before, but the gap between the two moving averages widened after the downward reversal. The initial rebound was strong, with Shibainu breaking the short-term moving averages amid record daily trading volume this year. However, strong selling pressure pushed the price back below the resistance level near the 100-day EMA. Trading volume also declined rapidly. While it spiked 12-fold during the initial breakout, it dropped sharply as the price retreated. Currently, the area around $0.00000448 is presented as a support level where short-term moving averages converge. Holding this level could maintain part of the recent breakout trend, but a break could push the price back into the consolidation range that persisted most of July.