Shiba Inu faces selling pressure as seven of eight spot-flow timeframes turn negative

  • Shiba Inu is facing selling pressure as seven of eight short-term spot-flow timeframes turn negative.
  • About $0.0000062 marked SHIB’s recent price surge before short-term flows weakened.
  • Seven-day mean exchange outflows declined by about 42% to 48%, reducing evidence of accumulation.

Shiba Inu (SHIB) is facing renewed selling pressure after its recent rebound reached about $0.0000062. Seven of eight short-term spot-flow timeframes recorded negative net inflows, indicating that more capital was leaving the market than entering. The development adds to signs of weakening momentum: the seven-day moving average of mean exchange outflows has declined by about 42% to 48%, suggesting fewer holders are moving SHIB from exchanges to private wallets. Such transfers can reflect an intention to hold rather than sell immediately, making the slowdown a potential sign of reduced accumulation or conviction.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.