Shiba Inu Market Structure Shows Notable Shift
- Exchange Inflow Shift: Shiba Inu (SHIB) has seen a sharp decline of nearly 400 billion tokens in exchange inflows over the past two days, bringing total inflows down to nearly 100 billion tokens, which alleviates immediate selling pressure and allows SHIB to maintain above key support levels, providing the market with room to test higher resistance zones.
- Short-Term Structure Improvement: The price of SHIB has returned above important EMA support levels, suggesting that buying momentum may be leaning back toward buyers; however, this structure remains fragile, and an increase in exchange inflows could exert pressure on prices.
- Rising Open Interest: SHIB's current Open Interest (OI) stands at $56,873,903, reflecting an increase of approximately $800,000, indicating that traders are adding new positions, which provides some support for the current price recovery, although this alone does not confirm a breakout.
- Key Resistance Level Watch: The next major resistance for SHIB is around $0.00000725, where liquidity clusters exceed $1 million; successfully breaking through this level could open the path for stronger upside liquidity, but rejection at this level could lead to further consolidation.
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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 5 technical signals, shows that 4 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 | 0.00000513 | 0.00000551 | 0.00000582 | 0.0000062 | 0.00000651 | 0.00000689 | 0.0000072 |
| Fibonacci | 0.00000551 | 0.00000577 | 0.00000593 | 0.0000062 | 0.00000646 | 0.00000662 | 0.00000689 |
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