Shiba Inu's Price Stuck in Neutral as Resistance and Declining Flows Weigh

Shiba Inu (SHIB) has shown some recovery from its August lows, currently trading around $0.00000535 and holding above a key support zone near $0.00000500.

However, the token faces significant resistance at $0.00000540 and $0.00000568, limiting its upward momentum.

The recent decline in spot flows indicates tokens leaving exchanges, which could reduce sell pressure but also signal weakening bullish interest.

With mixed signals from momentum indicators and futures activity, SHIB remains in a recovery phase without a clear breakout, and losing support at $0.00000500 could lead to further declines toward $0.00000480, $0.00000440.