Shiba Inu (SHIB) trading volume nears zero, price future remains unclear
U.Today analysis indicates Shiba Inu's trading volume in recent sessions is significantly lower compared to spikes seen in late July, August, and September, with its price currently around $0.00000517. This low volume suggests a quiet market where neither buyers nor sellers are in strong control. SHIB peaked near $0.00000627 in late September but has since slipped below key moving averages, which now act as resistance around $0.00000541 and $0.00000529. The daily RSI is around 40, indicating weak momentum but not an oversold market. On-chain data shows exchange reserves are down 0.11% on the day, with a negative netflow of approximately 98.9 billion SHIB, suggesting holders are not rushing to sell, though overall network activity is flat. A sustained price move on rising volume is needed to end the current uncertainty.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Middle East Tensions Escalate: 24 Ships Attacked in Strait of Hormuz in Two Weeks, Oil Exports Plummet by 81.3%; Houthis Designate Saudi Aramco Facilities as "Legitimate Targets"
-
2
Trezor announced it will reduce its authorized reseller network to strengthen supply chain security, following reports of hardware implant attacks on Ledger wallets.
-
3
Ripple's new partner, Canton Network, facilitated S&P Dow Jones Indices' first on-chain transaction involving a fully tokenized index.
-
4
Nikkei 225 rose 0.3%, as investors may be adjusting positions ahead of the release of US CPI data.
-
5
Goldman Sachs: Brazil's First-Round Election Results Trigger "Busiest Week Ever," Foreign Investors Bet on Bolsonaro Victory
-
6
Zest Protocol Sets Oct. 23 Deadline for aeUSDC Exit on Stacks V1
-
7
South Korean stocks opened higher on Wednesday, with the KOSPI index rising 0.44% at the open and climbing 1.83% to 6,146.01 points as of 9:15 AM, after plunging 5.46% the previous day due to AI concerns.
-
8
Saudi Aramco headquarters were attacked by Houthi missiles on Tuesday, with some buildings catching fire, Bloomberg Markets reported.
-
9
Dell CEO Michael Dell says AI models need safeguards and controls, with government playing a role
-
10
Ripple partners with Privy, a Stripe company, to bring embedded wallets to the XRP Ledger, supporting XRP, RLUSD, AI agent payments, and x402.
Markets Today
Recommended Reading


