Shiba Inu is witnessing a tough battle between the bulls and the bears near the 20-day EMA ($0.000016).

If the current bounce sustains, it will suggest that the bulls are trying to form a higher low. Buyers will then try to push the price to $0.000022, where the bears are expected to mount a strong defense.

Contrarily, if the rebound fails to hold, it will signal a lack of demand from the bulls. That increases the likelihood of a break below the moving averages. The SHIB/USDT pair may then slump to $0.000012.