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Shiba Inu faces persistent selling pressure as futures outflows rise, testing whether bulls can regain key resistance levels.
Shiba Inu ($SHIB) currently changes hands at $0.00000593, reflecting a 2.5% decline over the past 24 hours. The token has moved within a daily range of $0.000005907 to $0.000006225, and is now hovering closer to the lower end of that band, indicating sustained short-term selling pressure.
While $SHIB is down in USD terms, it shows relative strength against major assets, gaining 1.6% versus Bitcoin and 0.5% versus Ethereum. The 24-hour chart reveals an early-session rally toward the $0.0000062 area before facing resistance and gradually trending lower.
Performance metrics show broader weakness, with $SHIB down 9.2% over the past week and 23.7% over 30 days. Notably, unless buyers reclaim the upper end of the daily range near $0.0000062, $SHIB remains technically pressured in the short term while consolidating within a broader downtrend.
Shiba Inu Price Prediction
On the daily timeframe, Shiba Inu continues to trade within a broader downtrend after failing to sustain recent rebound attempts. Recent candles reflect hesitation near the $0.0000065 region, followed by renewed selling that has pushed $SHIB back toward short-term support near $0.0000058–$0.0000059. Unless buyers reclaim the mid-range resistance levels, like $0.0000070, established earlier in February, the overall structure remains technically weak.
Momentum indicators also reflect cooling conditions. Specifically, the Stochastic RSI trends lower, with the %K and %D lines around the mid-to-lower range (near 36 and 47), indicating fading bullish momentum after recently approaching overbought territory.
Meanwhile, the MACD histogram has begun to contract after a brief positive phase, and the MACD line attempts to cross below the signal line, signaling that bearish momentum still dominates despite minor recovery attempts. Together, these indicators suggest $SHIB is consolidating within a broader corrective phase, with upside potential limited unless momentum shifts decisively in favor of buyers.
$SHIB Futures Flows
Also, recent derivatives flow data shows mixed but increasingly cautious positioning in the market. On lower timeframes, futures activity reflects short-term buying interest, with the 30-minute window recording a net inflow of approximately $56.98K and the 1-hour timeframe posting a $36.50K net inflow. However, this brief uptick in inflows fades on higher timeframes, suggesting that short-lived speculative positioning is not translating into sustained bullish conviction.
Over the 4-hour and 8-hour periods, futures markets shifted to net outflows of roughly $146.98K and $147.74K, respectively, signaling growing selling pressure. The 12-hour window shows a deeper net outflow of about $489.69K, while the 24-hour total expands to approximately $601.02K in net outflows. Extending further, the 3-day timeframe reflects a significant $1.67 million net outflow.
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