Shiba Inu is again being tested around the key price zone near $0.000005.

U.Today, a blockchain media outlet, reported on June 18 that Shiba Inu was briefly pushed below $0.000005 early this month by a sharp wave of selling. It later climbed back near the level as buying interest came in.

Market attention is now focused on whether $0.000005 can turn back into a support level. Despite a recent rebound, Shiba Inu is trading below its 20-, 50- and 100-day moving averages. All three moving averages are still sloping downward, keeping a signal that bears remain in control in the broader trend apart from the short-term bounce.

The nearest battleground range is between $0.0000050 and $0.0000052. The 20-day exponential moving average runs through this zone, and it overlaps with a price area where a former support level turned into resistance after the recent drop. The market is looking for direction on whether it can reclaim this band or slip again.

The starting point for an upside scenario is reclaiming $0.0000052. If Shiba Inu builds a support base above this price, the next resistance zone is suggested at $0.0000056 to $0.0000058. The 50-day exponential moving average sits in that range. If Shiba Inu breaks through this zone, it could add weight to an interpretation that the recent sharp drop was close to short-term capitulation selling. The original report said this could suggest the recent selling was not the start of further declines but a possible "capitulation-style" move.

In the short term, a range-bound move was presented as a more realistic possibility. Shiba Inu could stay trapped between $0.0000046 and $0.0000052. A noticeable drop in trading volume after the initial rebound also supports this view. With both buyers and sellers waiting for clearer signals, it means Shiba Inu could move into a pattern of building a base over several days or weeks.

A downside scenario remains open. As Shiba Inu has yet to reclaim key moving averages, the support level near $0.0000045 becomes a key defensive line if selling pressure revives. Ultimately, the media outlet reported it is highly likely the next trading range will confirm whether $0.000005 turns back into support or remains another overhead resistance that blocks the downtrend.