Shiba Inu Inflows Slow as Exchange Pressure Eases
- Inflows Analysis: Shiba Inu recorded 43 billion tokens flowing into exchanges within 24 hours, reflecting a slowdown compared to recent spikes, indicating that immediate selling pressure is easing, potentially creating conditions for price stabilization.
- Holder Behavior Shift: Exchange reserve data shows that large holders have not initiated major repositioning, with net flows remaining slightly positive, indicating a transitional phase in the market lacking strong repositioning intentions.
- Price Structure Consolidation: Following an extended decline, Shiba Inu continues to trade within a narrow ascending channel, yet remains below key moving averages, maintaining broader bearish pressure and suggesting that the market has not yet confirmed a sustained reversal.
- Neutral Momentum Indicators: Momentum indicators such as the relative strength index hover near neutral levels, indicating a balance between buying and selling forces; if buying strength does not improve, the current structure risks forming another lower high, further exacerbating market uncertainty.
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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 4 technical signals, shows that 3 indicators are flashing buy, while 1 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 | 0.00000537 | 0.00000568 | 0.00000594 | 0.00000625 | 0.00000651 | 0.00000682 | 0.00000708 |
| Fibonacci | 0.00000568 | 0.0000059 | 0.00000603 | 0.00000625 | 0.00000647 | 0.0000066 | 0.00000682 |
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