Two important dates to watch for Shiba Inu are May 11 and 12 as they could impact its short-term trajectory. These days are crucial as SHIB is expected to approach the 50-day Exponential Moving Average, a major technical barrier. Currently, SHIB has found support at the 100 EMA, hinting at potential upward movement. Historically, the 100 EMA has been a strong base from which SHIB can rebound, indicating that the token may soon test the 50 EMA.

The 50 EMA holds significant importance for SHIB as it is a major resistance level. A breakthrough could indicate a bullish trend, while a failure to surpass it might reinforce a bearish sentiment. As SHIB experiences narrowing price bands, it suggests an impending period of high volatility. The tightening price compression often precedes significant movements, potentially leading to a breakout above key technical levels like the 50 EMA.

These upcoming dates are critical for Shiba Inu as they could not only influence immediate price actions but also dictate its market positioning in the medium term.