Summary
- Shiba Inu faces persistent selling pressure as seven of eight measured spot-flow periods record negative net capital movements across markets.
- SHIB trades near $0.00000532 following rejection at $0.0000062, while limited demand significantly weakens its recovery structure and broader momentum prospects.
- Technical resistance near $0.00000572 blocks buyers, while support between $0.00000497 and $0.00000499 remains crucial for preventing deeper losses during consolidation.
Shiba Inu is facing increased selling pressure as seven of eight measured spot-flow periods record negative net inflows. SHIB trades near $0.00000532, while weakening demand threatens its recovery structure and important support levels.
Spot-flow data reveals persistent capital outflows across several short-term periods. This pattern suggests buyers are struggling to absorb available supply.
The five-minute measurement recorded negative net inflows of $11,460. Meanwhile, the 15-minute figure showed a larger deficit of approximately $29,970.
Selling pressure increased during the 30-minute period, where negative net inflows reached roughly $89,170. Additionally, the one-hour measurement posted a deficit of about $49,130.
Longer periods showed similar weakness across SHIB spot markets. Four-hour net flows reached negative $75,850, while the eight-hour reading fell to negative $50,970.
Only the 12-hour measurement remained positive, recording approximately $25,430 in net inflows. However, that inflow could not offset the broader capital movement across shorter periods.
Negative net inflows indicate that more capital left SHIB spot markets than entered them during each measured period. Although outflows cannot guarantee falling prices, their consistency highlights limited demand following the token’s recent rally.
SHIB previously climbed from approximately $0.0000044 and reached a local peak near $0.0000062. However, sellers regained control around that level and pushed the token toward its current price.
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Long-Term Moving Average Blocks SHIB’s Recovery Attempt
Technical indicators also show SHIB trading below its long-term moving average near $0.00000572. Buyers failed to reclaim this barrier during the recovery attempt.
Consequently, the area between $0.0000057 and $0.0000058 remains the most important resistance zone. A confirmed breakout could restore bullish momentum and place $0.0000062 within reach.
Despite the rejection, SHIB remains above several shorter moving averages. This position means sellers have weakened the breakout structure without completely invalidating it.
The nearest support cluster sits between $0.00000497 and $0.00000499. Moreover, another moving average offers deeper support near $0.00000468.
Momentum conditions have also normalized following the earlier price increase. SHIB’s relative strength index briefly entered overbought territory before dropping toward 58.
Source: TradingView
That reading gives the token room to move without immediately entering an extreme momentum zone. Nevertheless, buyers need stronger spot demand to support another advance.
Recovering $0.0000055 would provide the first sign that buyers are regaining control. SHIB would then need to overcome the long-term barrier around $0.00000572.
Conversely, sustained negative flows could force the token below $0.0000050. Such a move may expose the deeper support area around $0.0000047.
SHIB currently sits between firm overhead resistance and a vulnerable support cluster. Therefore, consolidation or additional pressure remains likely unless spot inflows improve.
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The post Shiba Inu Faces Growing Pressure as Seven Spot Flow Periods Turn Negative appeared first on 36Crypto.