Daily News 19

Tag: SHIB selling pressure

  • 145 Billion SHIB Ready for Sale as Shiba Inu Netflow Turns Bearish

    145 Billion SHIB Ready for Sale as Shiba Inu Netflow Turns Bearish

    Shiba Inu Risks Falling Below the $0.000005 Price Level as Selling Pressure Builds

    Shiba Inu may be on track to lose the key $0.000005 price level as demand appears to weaken and exchange activity points to rising selling pressure.

    Recent data from crypto analytics platform CryptoQuant shows that Shiba Inu’s exchange activity is no longer signaling bullish momentum. The token’s exchange netflow has shifted, suggesting that more SHIB is moving onto exchanges than is being withdrawn.

    Shiba Inu Traders Begin Selling

    The data indicates that Shiba Inu traders may be selling part of their holdings to protect against potential losses after the recent price breakout helped them recover.

    According to the data, Shiba Inu’s exchange netflow had reached approximately 145,906,600,000 SHIB as of Saturday, August 29.

    Although this represents a bearish signal for the broader Shiba Inu ecosystem, it also shows that the volume of tokens transferred to exchanges for potential selling exceeds the volume moved out of exchanges by more than 145 billion SHIB.

    This suggests that momentum is fading, with traders showing less willingness to hold or accumulate additional tokens amid speculation that the coming month could be bearish.

    Shiba Inu Price Falls 4%

    As bearish momentum begins to affect the Shiba Inu ecosystem, SHIB has continued to post mixed price action in recent days.

    Shiba Inu has recently turned lower, increasing the risk of a move back below the key $0.000005 level. The token has recorded daily declines of approximately 3% in recent sessions.

  • 7 of 8 Shiba Inu (SHIB) Spot Flow Timeframes Turn Red: What to Expect From the Price

    7 of 8 Shiba Inu (SHIB) Spot Flow Timeframes Turn Red: What to Expect From the Price

    Shiba Inu is facing renewed selling pressure after its latest recovery attempt, with spot-flow data suggesting that buyers are struggling to maintain control. Following rejection at a recent local high, $SHIB is trading near $0.00000532, while seven of the eight short-term flow periods recorded negative net inflows.

    Shiba Inu spot inflows remain weak

    The imbalance is visible across multiple time frames. Net inflow over five minutes stood at -$11,460, while the 15-minute and 30-minute readings were approximately -$29,970 and -$89,170, respectively. The one-hour period showed a further deficit of $49,130.

    $SHIB/USDT Chart by TradingView

    The weakness continued across longer periods. Net flow over four hours was -$75,850, while the eight-hour figure was -$50,970. Only the 12-hour period remained slightly positive, with net inflows of approximately $25,430.

    A negative net inflow means that more capital left $SHIB spot markets than entered them during the measured period. This does not guarantee that the price will decline, but the consistent outflows across several time frames point to weak immediate demand after $SHIB’s sharp advance.

    Price action supports that view. Shiba Inu recently climbed from approximately $0.0000044 to a brief high near $0.0000062 before sellers quickly pushed the token lower.

    Shiba Inu faces resistance near $0.0000057

    The clearest technical barrier is the long-term moving average, currently positioned near $0.00000572. $SHIB has so far failed to reclaim that level, although it continues to trade comfortably above its shorter moving averages at approximately $0.00000532.

    The first significant support zone lies between $0.00000497 and $0.00000499. Another moving average provides support near $0.00000468.

    These levels suggest that while the recent breakout structure has weakened, it has not been completely invalidated. Momentum has also normalized. After briefly entering overbought territory, the relative strength index is now around 58, leaving $SHIB more room to move in either direction.

    For bulls, the immediate objectives are to reclaim $0.0000055 and then break through the $0.0000057-$0.0000058 resistance area. A move above those levels would bring the recent $0.0000062 high back into focus.

    However, continued negative spot flows combined with a break below $0.0000050 could expose $SHIB to a correction toward $0.0000047. For now, the flow data favors consolidation or further short-term pressure rather than an immediate continuation of the previous rally.

    Source: cryptonews.net