Shiba Inu Sees Massive Outflows but Price Struggles
- Surge in Outflows: Over the past 24 hours, Shiba Inu (SHIB) has seen more than 89 billion tokens leave exchanges, indicating a strong accumulation trend, even as the price remains under pressure, reflecting ongoing market demand for the asset.
- Investor Behavior Shift: Such large outflows typically suggest that investors are moving assets into private wallets, indicating a preference for long-term holding rather than immediate selling, which reduces available supply on exchanges and may support future price growth.
- Market Sentiment Weakness: Despite strong accumulation signals, SHIB's price remains in negative territory as broader market conditions weigh on investor sentiment, causing traders to be cautious even amidst sustained on-chain interest.
- Price Correction Trend: After a recovery in March, SHIB's monthly return has turned negative in April, showing a decline of 2.65%, indicating that earlier gains have faded and leaving the token struggling to maintain momentum.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN 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, TOKEN 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 $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00197 | 0.00216 | 0.00232 | 0.00251 | 0.00268 | 0.00287 | 0.00303 |
| Fibonacci | 0.00216 | 0.00229 | 0.00238 | 0.00251 | 0.00265 | 0.00273 | 0.00287 |
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