SHIB Market Signals and Price Pressure Analysis
- Market Liquidity Shift: SHIB's spot trading liquidity has significantly improved, with net inflows increasing by over 283%, indicating stronger direct trading activity, although the price remains under selling pressure and lacks strong upward momentum in the short term.
- Exchange Fund Flows: Outflows of SHIB exceeded 580 billion, while inflows were close to 461 billion, suggesting more tokens are leaving exchanges, which market participants generally interpret as accumulation signals, despite the overall bearish trend.
- Cautious Derivatives Market: Derivatives data shows negative net inflows in futures, indicating hesitation among speculative traders, with low liquidation levels suggesting no panic selling, reflecting a lack of confidence in the market.
- Ongoing Fundamental Pressure: With SHIB's supply nearing 589 trillion, persistent high inflation pressure limits price expansion potential, and although projects like Shibarium are in development, real-world usage remains limited, lacking strong burn events to drive price increases.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 66854.446 | 69683.468 | 72421.956 | 75250.978 | 77989.466 | 80818.488 | 83556.976 |
| Fibonacci | 69683.468 | 71810.257 | 73124.189 | 75250.978 | 77377.767 | 78691.699 | 80818.488 |
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