Shiba Inu Price Remains Range-Bound Amid Accumulation Phase
- Price Stability: Shiba Inu is currently trading at approximately $0.000000590, reflecting a 0.38% increase over the past 24 hours, indicating stability within the critical support range of $0.00000564 to $0.00000550, where buyers are actively defending key levels despite short-term bearish pressure.
- Accumulation Phase Confirmation: Analysts report that Shiba Inu has formed a classic accumulation zone, with reduced volatility and short candlesticks replacing earlier sharp price swings, suggesting that market participants are preparing for a potential breakout, attracting more smart money.
- On-Chain Data Support: Exchange outflows surged by 40.5% in the past 24 hours, totaling 321 billion tokens valued at approximately $1.9 million, reflecting a shift towards self-custody and long-term holding, further supporting the accumulation narrative.
- Ecosystem Catalysts: The Shiba Inu burn rate jumped by 156% within 24 hours, removing over 4.1 million tokens from circulation, which reduces supply and, combined with ongoing Shibarium upgrades, strengthens bullish expectations; analysts emphasize that a decisive break above $0.0000060 would confirm bullish momentum.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 3 indicators are flashing buy, while 7 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 | 0.00000536 | 0.00000557 | 0.00000576 | 0.00000597 | 0.00000616 | 0.00000637 | 0.00000656 |
| Fibonacci | 0.00000557 | 0.00000572 | 0.00000582 | 0.00000597 | 0.00000612 | 0.00000622 | 0.00000637 |
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