SHIB Price Signals Weakness as Rising Wedge Puts $0.00000520 in Focus
Shiba Inu (SHIB)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Shiba Inu price is facing renewed selling pressure as a rising wedge points to weakening momentum. The outlet notes that SHIB remains above neutral RSI levels, while a positive MACD keeps the broader setup mixed. A breakdown below the wedge trendline could strengthen the bearish outlook, while support from buyers may alter the trajectory.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 29 August 2026. Not the outlet's figures.
On Binance spot, SHIB trades at $0.000005180 with a 1-hour buy ratio of 44.6% and a 4-hour buy ratio of 45.4%, both below the 49.9% seen over the last 24 hours. This indicates that buying pressure is fading in the short term relative to the daily average. The 1-hour volume delta is -$6,285 and the 4-hour delta is -$27,391, showing that more volume is being sold than bought in these windows. The 24-hour volume delta is -$8,577, confirming net selling pressure over the full day despite a cumulative CVD of +$66,024. These metrics suggest that while net buying has occurred over the day, recent activity is dominated by sellers.
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.
Twenty-four hours later
What SHIB did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
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, the 7-day average buy ratio was 49.6%, making today's 24-hour ratio of 49.9% only 0.3 points higher than the average. However, the 24-hour spot volume of $4,391,214 is just 0.46x the weekly average, indicating significantly lower activity than usual. The coin has seen a price change of -12.4% over eight days, with a total volume delta of -$1,040,083 for the period. Net buying occurred on only 3 of the past 7 days, suggesting this is an unusual period of sustained selling pressure compared to the weekly norm.