Markets· ★★· bearish·

SHIB spot flows turn negative across all seven timeframes

  • —Over 15 minutes, net outflow was about -$14,540
  • —Over 12 hours, the outflow widened to -$250,040
  • —SHIB trades at $0.00000507 between SMA $0.00000495–0.00000515
  • —Losing $0.00000490 would open the way to $0.00000460–0.00000470
Why it matters: Weakening spot demand prevents SHIB from breaking resistance at $0.00000515–0.00000520, raising the risk of a decline to $0.00000460.
#SHIB
Source: U.Today
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