Shiba Inu has shown conflicting market indicators in recent trade sessions. The token initially demonstrated Bullish Momentum with significant volume support, but this quickly gave way to intense sales pressure.
Technical Analysis reveals that Shib consolidated under key resistance levels where dealers closely monitor $ 0.00001450- $ 0.00001600 zone of potential breakout signals. On-Chain-Metrics paints an image with falling whale netflows (-311%) and a significant 68% decrease in active addresses since December.
The current market structure suggests that continued behavior can go ahead of a decisive directional feature, with confirmation that requires a break over the falling trend line resistance to approx. $ 0.00002044.
With only 17% of holders currently in profits, while over 80% remain underwater, any significant price increase may be subjected to significant sales pressure when investors try to break evenly.
Analysts remain divided into Shib’s prospects in the short term, with some identifying potential bullish patterns, while others point to weakening basic elements as a cause of caution.
Technical analysis highlights
- Shib established considerable high -volume support for $ 0.00001417 over 19:00 hours, followed by consistent purchase pressure.
- Remarkable volume tips occurred during 04: 00-06: 00 timeframe, over 700 million USD, confirming the first Bullish Momentum.
- The final trade hour experienced a sharp retacation of 1.77% from the high, which suggests surplus tags after the rally.
- A Bearish EMA stack is formed with price struggling to recover the 50-day sliding average.
- A falling channel pattern emerged in the hourly card, with lower heights and lower low low, indicating short -term bearish atmosphere.
- A volume of over 110 billion in trade coincided with a sharp collapse under key support levels.
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