SHIB Price Holds Support Amid Questioned Bullish Momentum
Shiba Inu (SHIB)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Shiba Inu is attempting to sustain its recent recovery, though technical barriers suggest the momentum may not be sufficient for a long-term bullish trend. The token is trading at $0.00000535, having gained approximately 3% in the last day and moved above the moving average cluster between $0.00000500 and $0.00000507. This cluster now serves as the primary support zone, backed by an ascending trendline from the August bottom.
However, sellers have fiercely opposed price action above $0.00000540, preventing a retest of the August high near $0.00000620. A major long-term moving average at $0.00000568 presents the next significant resistance level before any further upside. The daily RSI sits at 57.6, indicating that buyers hold an advantage but lack the extreme momentum needed for an explosive continuation.
Over an eight-hour period, SHIB recorded negative net spot flows of about $271,000, with a four-hour figure of negative $210,000. These outflows suggest tokens are leaving exchanges, potentially reducing immediate sell-side supply. Despite this, the flows are small relative to SHIB’s $3.16 billion market capitalization and do not independently bolster a bullish thesis.
Futures activity remains uneven, with 24-hour liquidations at a modest $112,000. The asset is currently recovering rather than breaking out decisively, with $0.00000500 acting as the critical level to maintain the structure. A break above $0.00000568 would strengthen the trend, while a loss of $0.00000500 could trigger a move toward the $0.00000480–$0.00000440 region.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 4 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows SHIB trading at $0.000005410, with a 1-hour buy ratio of 54.6% contrasting sharply with a 38.2% ratio over the past 4 hours. This divergence indicates that short-term buying pressure is stronger than the broader 4-hour trend, which aligns with a positive 1-hour volume delta of +$4,552. In contrast, the 24-hour metrics show fading momentum, with a buy ratio of 49.7% and a negative volume delta of -$15,343. The cumulative volume delta (CVD) for the 24-hour close is -$584,096, confirming that net selling pressure has outweighed buying over the full day. Net buying occurred in only 7 of the 24 hours, highlighting the inconsistent nature of the current price action.
The latest daily buy ratio of 43.0% sits at the 2nd percentile of the last 281 days, against a median of 48.8% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, SHIB exhibited a 7-day average buy ratio of 49.2%, making today’s 24-hour ratio of 49.7% only marginally higher by 0.5 points. Trading volume was 1.34 times the weekly average, indicating heightened activity compared to the norm. However, the 8-day volume delta total of -$436,516 suggests that despite the volume spike, net selling has persisted over the longer timeframe. With only 2 of the past 7 days showing net buying, today’s activity represents a slight deviation from the weekly trend but remains within the bounds of ordinary volatility for the asset.