SHIB Price Stagnates as Market Momentum Fades
- Price Range Constrained: SHIB is currently trading around $0.000005927, struggling below multiple technical resistance levels, particularly the Parabolic SAR at $0.0000616 and the upper Bollinger Band at $0.0000613, which limits any potential rallies and contributes to a bearish market sentiment.
- Volatility Compression: The Bollinger Bands remain tightly compressed, indicating an impending breakout, yet the direction remains unclear as the price fluctuates between $0.0000592 and $0.0000571, reflecting indecision in the market, with the balance of power between buyers and sellers keeping SHIB locked in a consolidation phase.
- Burn Activity Spike: SHIB recently experienced a sharp 339% increase in burn activity within a single day, which briefly boosted market sentiment; however, this surge quickly faded, and burn levels dropped, limiting any meaningful impact on supply dynamics and indicating cautious behavior among market participants.
- Declining Trading Volume: The derivatives market shows a decline in trading volume, signaling reduced participation, while a slight increase in open interest suggests positions remain open without fresh conviction, further weakening bullish confidence as long positions face liquidation pressure near resistance zones.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 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 | 0.00000503 | 0.00000539 | 0.00000568 | 0.00000604 | 0.00000633 | 0.00000669 | 0.00000698 |
| Fibonacci | 0.00000539 | 0.00000564 | 0.00000579 | 0.00000604 | 0.00000629 | 0.00000644 | 0.00000669 |
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