SHIB at Risk of Deeper Losses as Bearish Signals Strengthen

SHIB lost momentum after rejection near the key $0.00000500 resistance level. Rising exchange reserves and long liquidations increase short-term downside risks. Bulls must reclaim the 50-day moving average to restore bullish momentum. Shiba Inu entered August with renewed optimism after a strong recovery attracted fresh buying interest. Many traders expected another push toward higher resistance levels. That optimism faded quickly aft…