Popular altcoin Shiba Inu (SHIB), Lucie’s ambitious increase in the beginning of May, and the interest in Shibarium increased again. The total value of locked assets in the Layer-2 network Shibarium increased only $ 1.5 million in three days to $ 3.79 million. However, after the summit on May 11, the acceleration disappeared and the price fell by 5.3 percent despite the 106 thousand 40 percent leap in coin burning rate on May 17. Right now ShibTrying to defend the 20 -day EMA in $ 0.00001450, but sales pressure from the 50 -day EMA is a clear “bear trend” view. If the critical defense fails, the way for the decline extending to $ 0.00001200 in the short term can be opened.
Bear pressure on Shiba Inu and critical support level
Graphics altcoin20-50-100 days of the upgraded moving averages of 20-50-100 days are lined up, that is, a classic “bear trend of the moon trend is displayed. Power Index to see (RSI) lost the excitement of buyers by shifting from 59.7 to 52.4 at the last summit. Chaikin Money Flow from +0.18 to –0.06 and revealed that fresh capital inflows to the market has stopped. This weakness will not easily reversal unless the price does not take back the 38.2 percent Fibonacci resistance in $ 0.00001589 with a strong volume.
Sales pressure intensifies and 23.6 percent in dollars of 0.00001375 Fibonacci retreat point If broken, the next support will be at $ 0.00001200. The next most powerful support level is at $ 0.00001029, which constitutes the bottom of April. On the other hand, the band of 0.00001450–0,00001600 is strongly exceeded, and if the volume increase comes, the possibility of rising to $ 0.00001700 with a short -term relief rally.
In addition, the futures for Shıb, the open positions in the period of 542 million dollars in January to today’s levels, the leverage players withdraws aside and expects a clear sign of breaking.
In -chain data shows the whale exit
In -chain data feeds the negative table in Shiba Inu. In the last 30 days, the large wallet net flow fell to -311 percent and proved that whales avoid risk and use the rally as an opportunity to evacuate goods. The directional coin transfers to the stock exchanges increased with percentages up to four households. CentimeterAccording to data, the number of active addresses declined to 75 thousand today when 238 thousand in December. Especially the rapid extinguishing of individual investor interest is shown as the main reason for the price.
On the other hand, the investor profitability indicator reveals that only 17 percent is in the snow, and more than 80 percent expects at loss. This unbalanced picture indicates that every time the price is recovered, the early sales pressure will increase and that a sustainable rise cannot gain strength without whale accumulation. The instant sales of the giant splashes in Coin burning ratio confirms that the “burning news” often provides output liquidity. In the light of all this Shib CoinIt can be said that different, powerful catalysts are required until the beginning of June for the permanent direction change.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
