Shiba Inu Futures Flow Plummets 190% as Traders Exit Positions
- Futures Liquidity Drop: Shiba Inu futures flow dropped by 190% in the past 24 hours, reflecting weaker market participation, with outflows reaching $5.6 million against inflows of only $4.74 million, indicating more positions were closed.
- Significant Net Difference: The net difference stood at $865,790, resulting in approximately 156.56 billion SHIB tokens being removed from the futures market, highlighting reduced trader engagement in derivatives.
- Decline in Open Interest: Open interest fell by 6% to $49.4 million, demonstrating diminished demand for derivatives as trading activity slowed further.
- Active Spot Market: Despite weak derivatives demand, spot trading volume increased by 18.8% to $11.8 million, suggesting that holders are continuing to accumulate SHIB tokens during price weakness.
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Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW). As of , Flow (FLOW) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FLOW 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, FLOW 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 $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0164 | 0.0204 | 0.0241 | 0.0281 | 0.0317 | 0.0357 | 0.0393 |
| Fibonacci | 0.0204 | 0.0233 | 0.0251 | 0.0281 | 0.031 | 0.0328 | 0.0357 |
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