Shiba Inu Spot Flow Data Suggests Price Pressure Ahead

Shiba Inu's (SHIB) recent surge has been followed by increased pressure as buyers struggle to maintain control. Spot-flow data shows that seven out of eight short-term flow periods have negative net inflows, indicating weak immediate demand.

The imbalance is apparent in various time periods, with the 5-minute net inflow showing a deficit of $11,460, and the 15-minute reading at roughly -$29,970. The pattern continues to show more capital leaving SHIB spot markets than entering them, especially during longer periods such as four hours (-$75,850) and eight hours (-$50,970).

The consistency across time periods suggests that SHIB's price may drop due to the lack of strong immediate demand. However, this does not guarantee a price decrease, and some technical barriers should be noted. The long-term moving average is currently at $0.00000572, which SHIB was unable to recover from, while another moving average offers support near $0.00000468.

The recent breakout structure has weakened but not been totally disproved, and momentum has returned to normal after momentarily rising into overbought territory. The bulls' immediate goals are recovering $0.0000055 and eventually breaking through $0.0000057, $0.0000058, which would make the recent high of $0.0000062 relevant again.