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Following
SHIB Shiba Inu spot traffic surged 60%, prices faced key resistance level
Shiba Inu's weekly spot traffic surged by about 60%, reflecting a significant increase in direct market activity for this popular memin coin. Spot flow typically represents real token purchases and transfers rather than leveraged transactions, indicating that investor engagement is rising despite continued weak prices.
Spot flow trends and recent demand
Recent market data shows that Shiba Inu coins continue to record positive net spot inflows in multiple time dimensions. In the past hour, SHIB's net inflow was approximately US$43,400; four-hour data showed an inflow of approximately US$77,100; and the cumulative net inflow in twelve hours was close to US$77,900. With the SHIB trading price close to $0.0000417, these data suggest that buyers are still absorbing some of the circulating supply despite continued price declines.
Data further shows that buyers are actively accumulating SHIB near the current price, even though the token is still under pressure and spot purchases have exceeded supply for multiple consecutive trading sessions.
Technical Outlook: Resistance and Market Structure
Although spot flows have improved, SHIB prices have not yet achieved sustained recovery. The token remains below the moving averages of several key indices on the daily chart. The 20th EMA is at around US$0.0000440 and the 50th EMA is at US$0.0000464, both of which constitute short-term upward resistance. Higher resistance levels are seen at the 100-day EMA (US$0.0000518) and the 200-day EMA (US$0.0000623), further strengthening the current downward trend.
Shiba Inu recently failed to hold on to its rebound in June and fell back to the lower edge of the established trading range. The relative strength index currently hovers around 35, close to the oversold threshold. While this suggests selling pressure may be weakening, any signs of recovery have not yet been confirmed.
On-chain signals and exchange data
On-chain and exchange indicators are still showing divergence. The overall net flow of the exchange fell 0.18%, while exchange reserves increased slightly by 0.03%. At the same time, SHIB's seven-day average exchange inflows increased by 8.25%, which means that a new round of selling could be triggered if more tokens were transferred to exchanges.
When inflows of a cryptocurrency to a centralized exchange increase, it usually means an increased possibility of selling-if this trend continues, it may offset the positive impact of improved spot flows.
Dictionary: Spot flow refers to the actual purchase and transfer of tokens on the open market, unlike derivative positions (the latter are usually speculative bets on price fluctuations and do not involve immediate asset ownership).
Quick view of key indicators
Change in weekly spot flow: 60% increase
One-hour net inflow: US$43,400 (positive value)
Four-hour net inflow: US$77,100 (positive value)
12-hour net inflow: US$77,900 (positive value)
Changes in exchange inflows on the 7 th day: Increase 8.25%
Relative Strength Index: Around 35 (Close to Oversold)
Key Price Levels and Outlook
Analysts pointed out that if Shiba Inu prices are to show meaningful signs of recovery, buyers need to push the token past the US$0.0000440 resistance level and regain the US$0.0000464 level. Although stronger spot flows suggest accumulation behavior, a price rebound has not yet been confirmed with SHIB trading prices below these thresholds.
If SHIB falls below the recent support level of US$0.0000410, the token may face further downside risks or seek support in the US$0.0000400 region.
