Shiba Inu (SHIB) has flashed a rebound signal after a short-term moving-average crossover, but it needs to clear resistance at $0.00000503 to $0.00000518 to confirm a trend shift.

U.Today, a blockchain outlet, reported on Aug. 5 that SHIB formed a “mini golden cross” on TradingView’s daily chart, with the 23-day moving average crossing above the 50-day moving average.

The signal is drawing market attention as it suggests selling pressure has weakened in the short term in August’s typically slow market, and buyers are beginning to take the lead. SHIB is currently showing a buildup in trading volume around $0.000005. It is being seen as a zone where buying and selling are in a standoff before the next direction is set.

Clear resistance remains overhead. The key resistance is the $0.00000503 to $0.00000518 zone, where the 200-day exponential moving average is located. It was also suggested that it is too early to judge the move as a “full-fledged trend reversal” until the price settles above that zone.

Support is also clear. If the $0.00000446 to $0.00000448 zone breaks, the current bullish signal could be invalidated. If selling pressure increases again, SHIB could revert to a move that tests local lows.

The rebound is drawing attention because SHIB is moving differently from its usual seasonality. August has typically seen average returns of minus 0.55 percent, with weakness or stagnation persisting, but SHIB is currently up 4.11 percent. Its gain for the third quarter has already risen to 16.7 percent, reaching seven times the past average. A prolonged sideways move that typically followed a 24 percent plunge in June is also not appearing this time.

The market is also weighing three possible outcomes. The optimistic scenario is a breakout above resistance. If SHIB rises above $0.00000518 with an increase in volume, it could lead to a test of the 200-day moving average. In that case, expectations for a stronger fourth quarter, which has historically posted average returns of 71.2 percent, could also revive.

If buying strength is not sufficient, a sideways scenario is also possible, with SHIB staying in a $0.0000045 to $0.0000050 range until the end of this month. In that case, volatility could return to the low levels typical of the third quarter.

The weakest scenario is that the rebound signal proves a “false alarm.” If selling strengthens again and breaks below the $0.00000446 support, the current mini golden cross signal would lose strength. That could be followed by a wait until October, which has traditionally been cited as a turning point.

Ultimately, the key to this SHIB move is not the short-term technical rebound itself, but whether it can continue against years of seasonal statistics. The direction chosen near the 200-day moving average over the next few days remains a variable that could shape SHIB’s August path and fourth-quarter expectations.