Shiba Inu Faces Selling Pressure Amid Massive Futures Outflows

Shiba Inu faces persistent selling pressure as futures outflows rise, testing whether bulls can regain key resistance levels.

Shiba Inu (SHIB) currently changes hands at $0.00000593, reflecting a 2.5% decline over the past 24 hours. The token has moved within a daily range of $0.000005907 to $0.000006225, and is now hovering closer to the lower end of that band, indicating sustained short-term selling pressure.

While SHIB is down in USD terms, it shows relative strength against major assets, gaining 1.6% versus Bitcoin and 0.5% versus Ethereum. The 24-hour chart reveals an early-session rally toward the $0.0000062 area before facing resistance and gradually trending lower.

Performance metrics show broader weakness, with SHIB down 9.2% over the past week and 23.7% over 30 days. Notably, unless buyers reclaim the upper end of the daily range near $0.0000062, SHIB remains technically pressured in the short term while consolidating within a broader downtrend.

On the daily timeframe, Shiba Inu continues to trade within a broader downtrend after failing to sustain recent rebound attempts. Recent candles reflect hesitation near the $0.0000065 region, followed by renewed selling that has pushed SHIB back toward short-term support near $0.0000058–$0.0000059. Unless buyers reclaim the mid-range resistance levels, like $0.0000070, established earlier in February, the overall structure remains technically weak.

Momentum indicators also reflect cooling conditions. Specifically, the Stochastic RSI trends lower, with the %K and %D lines around the mid-to-lower range (near 36 and 47), indicating fading bullish momentum after recently approaching overbought territory.

Meanwhile, the MACD histogram has begun to contract after a brief positive phase, and the MACD line attempts to cross below the signal line, signaling that bearish momentum still dominates despite minor recovery attempts. Together, these indicators suggest SHIB is consolidating within a broader corrective phase, with upside potential limited unless momentum shifts decisively in favor of buyers.

Also, recent derivatives flow data shows mixed but increasingly cautious positioning in the market. On lower timeframes, futures activity reflects short-term buying interest, with the 30-minute window recording a net inflow of approximately $56.98K and the 1-hour timeframe posting a $36.50K net inflow. However, this brief uptick in inflows fades on higher timeframes, suggesting that short-lived speculative positioning is not translating into sustained bullish conviction.

Over the 4-hour and 8-hour periods, futures markets shifted to net outflows of roughly $146.98K and $147.74K, respectively, signaling growing selling pressure. The 12-hour window shows a deeper net outflow of about $489.69K, while the 24-hour total expands to approximately $601.02K in net outflows. Extending further, the 3-day timeframe reflects a significant $1.67 million net outflow.