Shiba Inu rebounds above $0.00000489, eyes $0.00000573 resistance

Shiba Inu showed a short‑term price recovery in the second half of the week, climbing back to $0.00000489 after early‑week declines. The bounce followed macro data that matched expectations: the U.S. Consumer Price Index rose 0.5% month‑over‑month and 4.2% year‑over‑year, offering a brief reprieve to risk assets. However, a higher‑than‑expected Producer Price Index (1.1% month‑over‑month, 6.5% annual) kept market sentiment cautious.

Technical analysis indicated a “golden cross” on the hourly chart as the 50‑period moving average crossed above the 200‑period moving average, suggesting potential short‑term strength. The token remains in a longer‑term downtrend, with key resistance at the daily 50‑period moving average of $0.00000573 and a next hurdle at $0.0000066. Additionally, Japan’s Mercari platform added Shiba Inu to its supported cryptocurrencies, exposing the token to its 23 million monthly users.