tl;dr
Shiba Inu (SHIB) has experienced a massive increase in on-chain activity, with inflows rising over 1,100% and outflows over 800% in the past seven days, and similar growth over 30 and 90 days. Despite this, the price remains stable around $0.000016, below the 200 EMA resistance, indicating that the ...
Shiba Inu (SHIB) has seen an unprecedented surge in on-chain activity, with inflows increasing over 1,100% and outflows rising more than 800% in the past seven days. This significant capital movement extends over 30 and 90-day periods, showing inflow growth of 1,155% and 1,141%, and outflow increases of 1,582% and 815%, respectively. Despite this flurry of activity, SHIB’s price remains stable around $0.000016, just below the key 200 EMA resistance level.
The remarkable rise in inflows and outflows suggests large holders are repositioning internally rather than new retail investors driving demand. Currently, trading volume is low compared to earlier surges, and the RSI sits neutrally at about 60, indicating neither strong bullish nor bearish momentum. This paints a picture of a cautious near-term outlook for SHIB, with activity potentially reflecting profit-taking or strategic allocation by whales amid shifting macro and market conditions.
Technical analysis highlights crucial price boundaries at $0.0000135 as support (near the 100 EMA) and $0.000016 as resistance (200 EMA). Traders should watch for a decisive breakout above or below these levels, which may signal the next directional trend. Until such confirmation, current on-chain volatility might remain just noise, although it echoes the meme-driven hype cycles seen in previous bull phases.
In summary, while the explosive increase in SHIB’s capital flows serves as a warning and a beacon of potential volatility, its ultimate impact on price direction remains uncertain. Market participants would do well to monitor these key technical levels closely as the next major move for Shiba Inu may be just around the corner.