SHIB's Thin Volume Raises Red Flags for Meme Coin Bulls

SHIB's modest +1.06% gain on October 4 may seem like a reason to be optimistic, but it's built on anemic volume of just $1.54 million in Binance spot trading.

This is not enough to move a mid-cap stock, let alone a meme coin. The lack of meaningful institutional participation means that any spike is likely to be sold into by traders looking for an exit.

The market's momentum picture is quietly sobering, with the MACD histogram registering bearish momentum and the Stochastic oscillator drifting in the lower half of its range.