Shiba Inu Market Structure Shows Rising Tension
- Supply and Demand Divergence: The Shiba Inu market exhibits rising tension as supply and demand forces move in opposite directions, with exchange activity indicating potential selling pressure despite steady user adoption, leading to a split between short-term traders and long-term holders that shapes price behavior and investor expectations.
- Exchange Reserves Surge: Data from CryptoQuant shows that Binance's SHIB reserves have climbed to 61.8 trillion tokens, steadily increasing since mid-March; while price action remains unstable, the rising reserves often signal potential sell-offs, which could limit upward momentum in the market.
- Holder Growth and ETF Inclusion: Etherscan data indicates that over 10,000 new wallet holders were added between April 19 and April 22, reflecting rising retail interest, and this growth aligns with a weekly gain of over 7%, suggesting that demand remains active despite looming selling pressure.
- Market Sentiment Division: Analysts note that SHIB's inclusion in the KrakenShares Coinbase 50 Index ETF enhances its exposure to institutional investors and improves its credibility in financial markets, potentially attracting new capital inflows over time, even as the current market remains divided and price movements lack clear direction.
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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 | 0.00000521 | 0.00000554 | 0.00000583 | 0.00000616 | 0.00000645 | 0.00000678 | 0.00000707 |
| Fibonacci | 0.00000554 | 0.00000577 | 0.00000592 | 0.00000616 | 0.00000639 | 0.00000654 | 0.00000678 |
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