Shiba Inu Network Activity Rises but Lacks Strong Confirmation
- Activity Surge: Over the past 24 hours, nine out of ten tracked on-chain indicators for Shiba Inu have risen, with an increase in active sending addresses indicating stronger network participation, although the overall price structure remains in a bearish context.
- Outflow Signals: Exchange outflows have risen, typically associated with holders moving assets into private storage, suggesting increased interest in SHIB; however, outflows alone do not confirm accumulation behavior.
- Selling Pressure Indicators: Despite positive surface metrics, exchange inflows have sharply increased, indicating more tokens being moved to exchanges, which may precede selling activity, thus weakening any bullish interpretation based solely on outflows.
- Technical Analysis: SHIB remains close to local lows, trading below key moving averages without a confirmed reversal pattern, with price consolidation occurring below resistance levels, indicating that the broader bearish structure is still intact.
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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 3 technical signals, shows that 3 indicators are flashing buy, while 0 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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