Shiba Inu Supply Surges to 82 Trillion on Exchanges, Intensifying Sell Pressure
- Supply Surge: Shiba Inu's supply on exchanges has exceeded 82 trillion, indicating a growing readiness among holders to sell, which intensifies market sell pressure and keeps price performance under strain.
- Market Structure Shift: As exchange reserves increase, SHIB's price rebounds face resistance; despite brief recoveries, each attempt is quickly met with selling, reflecting traders' use of strength as an exit opportunity.
- Liquidity Challenges: The substantial supply of SHIB held on exchanges creates persistent overhead resistance, making it difficult for buyers to absorb selling pressure, which exacerbates volatility and hinders clear upward momentum.
- Psychological Factors: Market psychology becomes cautious as rising exchange reserves shape expectations of further selling, limiting fresh inflows; thus, SHIB's long-term commitment appears weak, with activity focused on short-term trades rather than accumulation.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000296 | 0.00000402 | 0.00000527 | 0.00000633 | 0.00000758 | 0.00000864 | 0.00000989 |
| Fibonacci | 0.00000402 | 0.0000049 | 0.00000544 | 0.00000633 | 0.00000721 | 0.00000775 | 0.00000864 |
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