📉 SHIB is down 17% from May highs, now trading near $0.00001460 after fading early momentum. Despite a 106,000% burn rate spike and Shibarium’s $1.5M TVL boost, gains quickly reversed.
⚠️ SHIB faces a bearish EMA stack with price stuck below the 50, 100, and 200-day EMAs. Unless it reclaims $0.00001589 (38.2% Fib), the trend remains weak. RSI has dropped to 52.4, and CMF turned negative at -0.06, signaling reduced capital inflows.
📊 The key support to hold is $0.00001450. If it fails, downside risk extends to $0.00001200 or even $0.00001029. A bullish breakout needs volume and a clean move above $0.00001600.
🐋 Whale netflows are down 311%, while active addresses fell 68%. Whale outflows surged over 1000% during the May rally — indicating exits, not accumulation.
📉 Only 17% of holders are in profit, with 80% in loss. This increases the chance of sell pressure during any bounce. SHIB futures open interest has also dropped significantly from January highs.
🎯 Unless SHIB flips $0.00001600 into support, the bias stays bearish. Watch volume and whale activity for any reversal signs before June.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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