Shiba Inu (SHIB) is trying to maintain a key technical support level near $0.000005 after losing much of its late-August gains. The price briefly rose above $0.000006 but sellers pushed it back to this critical level, which aligns with SHIB's 100-day moving average. Despite a dramatic 1,020% increase in daily token burns, the impact is limited due to the vast circulating supply of over 589 trillion SHIB. Increased token inflows to exchanges and declining futures open interest suggest selling pressure and reduced speculative momentum. If SHIB fails to hold $0.000005, it could drop toward $0.0000047 or lower, returning to its previous consolidation range. The burn rate spike is notable but secondary to price and volume signals that will determine SHIB's near-term direction.
Shiba Inu (SHIB) has seen a 42% decline in exchange outflows, indicating fewer tokens are being withdrawn from trading platforms. Despite this, exchange inflows remain higher than outflows, suggesting more SHIB tokens are entering exchanges, which co...
Shiba Inu (SHIB) is experiencing renewed selling pressure after its August rally, with 145.9 billion SHIB tokens flowing into exchanges on August 29, increasing available supply and potential selling activity. This comes after a strong price rebound ...
Shiba Inu (SHIB) is facing increased selling pressure as traders move approximately 145 billion SHIB tokens to exchanges, indicating a shift to bearish sentiment. This surge in selling follows a recent price breakout but now shows demand weakening, w...
Shiba Inu (SHIB) is facing selling pressure as seven out of eight short-term spot flow timeframes show negative net inflows, indicating more capital is leaving than entering the market. After a recent price surge to about $0.0000062, SHIB failed to h...
Shiba Inu (SHIB) has reached over 1.6 million funded wallets, lowering the threshold to enter the top 1% of holders to about 380 million SHIB, worth roughly $2,000. Despite this broad holder base, the top 10 wallets still control over 62% of the supp...
