Shiba Inu Shows Subtle Shift in Trading Activity
- Exchange Netflow: Over the past 24 hours, approximately 82.5 billion SHIB tokens were withdrawn from exchanges, indicating that holders are beginning to adjust their positions after a prolonged period of inactivity, which may reflect a response to market dynamics.
- Large Transaction Outflows: There has been a gradual increase in large transaction outflows, with the seven-day average rising over 30%, suggesting that larger holders are feeling less urgency to sell, although this does not necessarily indicate accumulation.
- Price Stability: SHIB is currently trading near $0.0000062, and while there is no clear breakout, the earlier downward trend has slowed, indicating a potential stabilization in the market, though stronger demand is needed for further upward movement.
- Resistance Level Analysis: If SHIB can hold above the $0.0000058 to $0.0000060 range, it may advance toward the $0.0000065 to $0.0000067 area, but key resistance levels overhead remain untested, which could limit upward momentum unless buying activity strengthens significantly.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 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 | 0.00000459 | 0.00000491 | 0.00000525 | 0.00000557 | 0.00000591 | 0.00000623 | 0.00000657 |
| Fibonacci | 0.00000491 | 0.00000517 | 0.00000532 | 0.00000557 | 0.00000583 | 0.00000598 | 0.00000623 |
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