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Shiba Inu is trading near $0.00000517, and the chart indicates a market that has gone quiet. Trading volume in recent sessions is tiny compared with the spikes seen in late July, August and September. When volume fades like this, price moves lose strength, and neither buyers nor sellers show real control.
Shiba Inu finally stabilizes
SHIB peaked near $0.00000627 in late September, but it could not hold above the long black moving average near $0.00000563. Since then, it has slipped below the blue and orange averages, which sit near $0.00000541 and $0.00000529. Both now act as resistance. The daily RSI is around 40, which indicates weak momentum but not an oversold market, so a bounce is not guaranteed.
Price dipped to approximately $0.00000502 in recent days and buyers stepped in, so the $0.00000500 area is the line to hold. A break below it could open the way toward the September low near $0.00000475. A recovery above $0.00000530 would be the first sign that sellers are tiring.
On-chain picture isn't clear either
On-chain data presents mixed signals. Exchange reserves are approximately 87.1 trillion SHIB, down 0.11% on the day, and netflow is negative at approximately 98.9 billion SHIB. That means more coins left exchanges than came in, which is usually a sign that holders are not rushing to sell. But the picture is not entirely positive. The seven-day average of coins leaving exchanges fell 42%, while the average inflow fell 14%. Fewer coins are moving in either direction, which fits the low volume on the chart.
Network activity is flat too. Transactions sit near 4,800 and transfers near 3,700, both up less than 1% on the day. The value of coins held on exchanges is approximately $447.7 million, down 0.69%. The burned supply metric shows no data, so burns provide no clear support for the price right now.
For now, SHIB is stuck below resistance with thin trading and no push from either side. A move on rising volume is needed to end the uncertainty. Until that appears, the price direction remains unclear, and a retest of $0.00000500 is possible.
Arman Shirinyan
Dan Burgin
