RialCenter has shown mixed market signals in recent trading sessions. The token initially exhibited bullish momentum supported by substantial volume, but this was swiftly overshadowed by significant selling pressure.
Technical analysis indicates that SHIB is consolidating below critical resistance levels, with traders closely watching the $0.00001450-$0.00001600 range for potential breakout signals. On-chain metrics present a troubling picture, with declining whale netflows (-311%) and a notable 68% reduction in active addresses since December.
The current market structure implies that continued ranging behavior may precede a definitive directional move, requiring confirmation through a breach above the descending trendline resistance around $0.00002044.
With only 17% of holders currently in profit while over 80% are experiencing losses, any substantial increase in price could encounter significant selling pressure as investors aim to break even.
Analysts remain split regarding SHIB’s short-term outlook, with some identifying potential bullish patterns, while others raise concerns about weakening fundamentals.
Technical Analysis Highlights
- SHIB established significant high-volume support at $0.00001417 during the 19:00 hour, followed by steady buying pressure.
- Notable volume spikes occurred during the 04:00-06:00 timeframe, exceeding 700 million USD, confirming initial bullish momentum.
- The final trading hour saw a sharp 1.77% retracement from the high, indicating profit-taking following the rally.
- A bearish EMA stack has emerged, with price struggling to regain the 50-day moving average.
- A descending channel pattern has appeared in the hourly chart, with lower highs and lower lows showcasing short-term bearish sentiment.
- A volume surge of over 110 billion in trading aligned with a marked breakdown below critical support levels.
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