Daily News 19

Tag: Moving averages

  • Shiba Inu (SHIB) Adds 468 Million Tokens as Bears Show Signs of Exhaustion

    Shiba Inu (SHIB) Adds 468 Million Tokens as Bears Show Signs of Exhaustion

    Key Highlights

    • Shiba Inu recorded a positive exchange netflow of 115.2 trillion SHIB over the last day, with inflows of 465.7 trillion SHIB outpacing outflows of 350.4 trillion SHIB.
    • Despite substantial exchange deposits, SHIB price rebounded from a low of $0.00000480 to $0.00000537, reclaiming key short-term moving averages between $0.00000500 and $0.00000520.
    • On-chain activity remains resilient with total token transfers rising 1.09% to 3.006 trillion SHIB, while transaction and transfer counts both increased approximately 1%.

    Exchange Flow Dynamics Signal Shifting Market Structure

    On-chain data indicates that Shiba Inu’s recent selling pressure may be exhausting itself, even as exchange inflows remain elevated. According to the latest snapshot, exchange inflows reached 465,652 billion SHIB, representing a 2.46% increase over the previous day. With outflows totaling 350,424 billion SHIB, the meme coin registered a positive netflow of approximately 115,228 billion SHIB. Typically, deposits of this magnitude—averaging roughly 1,132 billion SHIB per transaction—would signal heightened selling intent, as tokens moved to centralized platforms are readily available for liquidation.

    Price Action Defies Typical Inflow Weakness

    The critical development, however, lies in the price response. SHIB briefly dipped below $0.00000480 before mounting a sharp recovery to approximately $0.00000537, forming a significant lower wick on the daily chart that suggests aggressive buying at lower levels. Since that bounce, the asset has climbed back above the cluster of shorter-term moving averages situated between $0.00000500 and $0.00000520. While a definitive bullish trend reversal has not yet been confirmed, the ability to absorb substantial exchange supply without sustaining a breakdown points to potential seller fatigue.

    Network Activity Decouples From Price Weakness

    Additional stabilization signals emerge from broader network metrics. Total token transfer volume increased by 1.09% to roughly 3.006 trillion SHIB, while the number of transactions grew 0.96% and transfer count rose 1.03%. This uptick in on-chain activity contradicts the typical pattern where declining price momentum coincides with reduced network utilization. The divergence suggests that underlying user engagement remains intact despite recent volatility, reinforcing the view that the market is finding equilibrium rather than capitulating.

    Why This Matters

    The current setup represents a nuanced inflection point for Shiba Inu. Persistent exchange inflows ordinarily precede further downside, but the failure of bears to convert that supply into sustained price degradation alters the risk calculus. If buying interest continues to meet deposits at the $0.00000480–$0.00000500 region, the path of least resistance may shift toward consolidation and eventual upside retest of the $0.00000550–$0.00000580 resistance zone. However, a renewed breakdown below the recent low would invalidate the constructive structure and likely trigger another wave of exchange-driven selling. Market participants should monitor whether netflows flip negative—a signal that accumulation is overtaking distribution—and whether the reclaimed moving averages hold as support on any pullback.

    Frequently Asked Questions

    What does a positive exchange netflow mean for SHIB?

    A positive netflow of 115.2 trillion SHIB indicates more tokens moved onto exchanges than off them in the last day. While this typically signals selling pressure, the concurrent price recovery suggests buyers are absorbing the supply.

    Has SHIB confirmed a trend reversal?

    No. The article notes that while SHIB has reclaimed short-term moving averages between $0.00000500 and $0.00000520, a bullish reversal has not yet been established. The setup is described as “getting better” rather than overtly bullish.

    Are on-chain metrics supporting the price stabilization?

    Yes. Total transfer volume rose 1.09% to 3.006 trillion SHIB, transaction count increased 0.96%, and transfer count grew 1.03%. This indicates network activity is expanding despite recent price weakness.

  • Cardano Price Holds $0.20, But Critical Level Could Decide ADA Recovery

    Cardano Price Holds $0.20, But Critical Level Could Decide ADA Recovery

    Cardano Price Holds $0.20 Support Amid Bitcoin Volatility, Faces Key Resistance at $0.26-$0.28

    Cardano ($ADA) has gained 2.42% over the past 24 hours, accompanied by a 2.5% rise in Open Interest, signaling renewed derivatives activity. The altcoin is up 17.7% over the past month, outperforming many peers despite Bitcoin ($BTC) slipping back below the $80,000 mark after a brief rally above it.

    Technical Structure: Bullish Momentum Meets Overhead Supply

    On the weekly chart, $ADA has climbed above the 20-week Moving Average at $0.198 and flipped it into support. However, the price remains trapped below a critical $0.26–$0.28 supply zone that has capped advances since May. The $0.2887 swing high from May must be decisively breached to confirm a sustainable long-term uptrend.

    Despite the monthly gains, the Chaikin Money Flow (CMF) on the weekly timeframe reads -0.10, indicating capital outflows and fading buying pressure over the past week. This divergence between price strength and money flow warrants caution for longer-term holders.

    Swing Structure and Short-Term Outlook

    The market structure turned bullish in June when price broke above the prior lower high at $0.1849. Since then, $ADA has held above the 50-day moving average, maintaining a bullish bias on the daily timeframe. Yet, the asset has failed to print a new high above $0.258 over the last two weeks, stalling at the May supply zone.

    Trading Levels to Watch

    • Upside target: A break above $0.26–$0.28 could trigger the next leg higher, with $0.2887 as the key level to flip for trend confirmation.
    • Profit-taking zone: Swing traders may consider scaling out near $0.26, where resistance has repeatedly rejected price.
    • Invalidation level: A daily close below $0.20 would signal a bearish shift and undermine the recent recovery narrative.
    • Long-term opportunity: If $0.28 flips to support, it may present a higher-timeframe buy zone for positional investors.

    Summary

    Cardano shows strong recent momentum but faces a pivotal supply zone that has halted progress twice. While the weekly structure remains constructive above the 20-week MA, declining CMF readings suggest waning capital inflows. Traders should monitor the $0.26–$0.28 region closely — a clean break could unlock the next rally, while failure may lead to a retest of $0.20 support.

  • Ethereum Logs Near-Record Q3 as ETH Nears All-Time High

    Ethereum Logs Near-Record Q3 as ETH Nears All-Time High

    Ethereum Stages Strong Q3 Recovery, Tests Key Resistance Above $2,500

    Ethereum (ETH) has mounted a significant comeback from its June lows, positioning the asset for one of its strongest third-quarter performances on record. The cryptocurrency currently trades near $2,492, marking a recovery of over 55% from the quarterly low of approximately $1,600.

    Technical Structure Shifts Bullish

    More importantly, Ethereum has reclaimed a position comfortably above all major moving averages after spending the majority of 2026 trading below them. The moving-average structure has improved substantially: short-term averages are rising beneath price action, with the $2,350–$2,400 zone serving as immediate dynamic support. Longer-term averages now cluster between $2,180 and $2,250, and ETH has even recovered its major long-term moving average.

    August Breakout Drives Momentum

    The strongest portion of the advance arrived in August. After consolidating around the $1,850–$1,950 range for several weeks, ETH surged through the $2,000 psychological level and swiftly reached the $2,400–$2,500 region. A significant increase in trading volume accompanied the breakout, reinforcing the move’s technical validity.

    Rather than surrendering gains immediately, Ethereum has since consolidated between $2,400 and $2,550. This consolidation is constructive, as the market remains well above the prior breakout zone while absorbing the strong August advance.

    Momentum Shows Signs of Cooling

    Despite the bullish structure, indicators suggest short-term momentum is moderating. The Relative Strength Index (RSI) soared into overbought territory during the August breakout but has since declined toward the mid-50s. This retracement eliminates much of the overheated condition from the initial rally, though it also signals buyers have lost some near-term urgency.

    Next Key Test: $2,550–$2,650 Resistance

    The next significant test lies at the $2,550–$2,650 resistance band. Ethereum has repeatedly failed to establish a foothold above $2,500. A decisive breakout above this zone could open a path toward $2,700 and potentially $3,000.

    Q3 Bullish Structure Remains Intact

    As of now, Ethereum’s third-quarter turnaround remains substantial. The broader bullish structure formed during the quarter stays intact as long as ETH holds within the $2,350–$2,400 support range.

  • Bitcoin Gold Cross Alert: Analyst Warns “Bullish at First, But Then…”

    Bitcoin Gold Cross Alert: Analyst Warns “Bullish at First, But Then…”

    Cryptocurrency analyst Benjamin Cowen has warned investors that Bitcoin historically declines following a “Golden Cross” pattern, a technical formation typically interpreted as a bullish signal.

    Golden Cross Often Precedes Short-Term Pullback

    The Golden Cross occurs when the 50-day moving average crosses above the 200-day moving average. While technicians widely view this crossover as a long-term buy signal, Cowen’s analysis of past cycles shows the pattern frequently coincides with local market tops.

    Analyst: “Bitcoin Generally Seen to Decline After a Gold Crossover”

    According to Cowen, the rallies that precede the Golden Cross push the moving averages higher to create the crossover. However, once the intersection is complete, the market often experiences sell-offs from those local highs. Historical data from the 2019 and 2023 Golden Cross events shows pullbacks ranging between 12% and 15% at the moment of intersection, followed by recovery and new local highs.

    Current Pullback Considered Natural

    Cowen characterizes the ongoing pullback as a natural market structure development. He emphasizes that the critical factor is not the depth of the initial selling wave, but the character of the rebound rally that follows. It remains uncertain whether Bitcoin will establish a new high or form a lower peak after the sell-off concludes.

    Bullish vs. Bearish Scenarios for Q4

    Outlining forward-looking scenarios, Cowen stated that a higher peak during the rebound would strengthen the bullish case. Conversely, if the rebound remains weak and forms a lower peak—similar to the price action observed in 2014 and 2015—the risk of a renewed downturn in the fourth quarter could increase.

    This is not investment advice.