SHIB Futures Netflow Plummets 306% as Outflows Exceed Inflows
- Futures Netflow Decline: CoinGlass reports a staggering 306% drop in SHIB futures netflow, indicating that derivatives traders are actively reducing their exposure rather than opening new leveraged positions, which could negatively impact market sentiment and price trends.
- Open Interest Analysis: The current open interest in SHIB futures stands at $61.2 million, with $42,485 in SHIB futures positions liquidated in the last 24 hours, reflecting market uncertainty and a cautious approach among traders.
- Price Movement Warning: SHIB is trading at approximately $0.00000575, down about 54% from its peak a year ago, and has broken below the critical support level of $0.0000054 this week, with technical analysis suggesting a potential retest of March 2026 lows.
- Liquidity Pressure in Market: Over 3 billion SHIB tokens hitting exchanges in a single session earlier this month has intensified sell-side pressure, and the combination of negative futures flow alongside exchange inflows suggests holders are repositioning rather than accumulating more positions.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000474 | 0.00000511 | 0.00000541 | 0.00000578 | 0.00000608 | 0.00000645 | 0.00000675 |
| Fibonacci | 0.00000511 | 0.00000537 | 0.00000553 | 0.00000578 | 0.00000604 | 0.0000062 | 0.00000645 |
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