SHIB on-chain activity rises 42% but price stalls at resistance
Shiba Inu (SHIB)
Editor:
Eugene Serbin
u.today reports that Shiba Inu on-chain activity increased by 42%, a metric that suggests growing network interaction but does not yet confirm bullish demand. The token is currently trading around $0.00000521, having recovered from a July low of approximately $0.0000041. However, price action has repeatedly stalled before establishing a long-term trend reversal.
A primary barrier exists between $0.0000056 and $0.0000057, where a descending long-term moving average sits. During a late-August spike, SHIB briefly reached $0.0000062 but buyers failed to sustain the breakout above this resistance. Short-term support is found in a cluster of moving averages around $0.0000050–$0.0000051.
Losing $0.0000050 could expose the price to a lower range of $0.0000047–$0.0000045. Momentum indicators offer little assurance, with the daily RSI resting in the neutral 50 region. Trading volume has declined significantly compared to the spikes seen in July and August.
Consequently, the 42% on-chain increase is not a standalone bullish signal without price confirmation. A sustained move above $0.0000056–$0.0000057 with increased volume would be required to validate the on-chain growth.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 13 September 2026. Not the outlet's figures.
Whalio spot data shows SHIB trading at $0.000005300 with a 1-hour buy ratio of 45.2% and a 4-hour buy ratio of 43.5%. These short-term ratios are slightly lower than the 24-hour buy ratio of 44.1%, indicating that buying pressure is fading rather than building. The volume delta reflects this weakness, showing -$13,649 over the last hour and -$65,070 over four hours. Over the full 24-hour period, the volume delta sits at -$290,419, with a cumulative CVD of -$496,578. This means sellers have been more aggressive than buyers, resulting in net outflows. Only 4 out of 24 hours saw net buying, confirming that the market is currently dominated by selling pressure.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
The preceding week provides a broader view of this selling trend, with a 7-day average buy ratio of 48.5%. Today's 24-hour buy ratio of 44.1% is 4.4 points lower than that weekly average, marking a distinct shift toward bearish sentiment. Volume relative to the weekly average is just 0.59x, showing that trading activity is roughly half of what it typically is. Over the past 8 days, the price has dropped 2.9% while the total volume delta reached -$1,159,207. With only 1 of the last 7 days showing net buying, this is an unusual day for the coin, characterized by sustained outflows and below-average participation.