SHIB Breaks 11-Month Downtrend Amid Japan Approval and Whale Moves
Shiba Inu (SHIB)
finance.yahoo.com reports that Shiba Inu (SHIB) has closed above its 20-week moving average for the first time since September 2025, ending an 11-month downtrend. This technical breakout coincides with Japan's Financial Services Agency approving Laser Digital Japan, a Nomura-backed exchange, to list SHIB among six launch assets. The token is currently trading at $0.00000528, having retested the breakout level after a weekly gain of approximately 25% on heavy volume. Whale activity intensified as an unidentified wallet withdrew 280.8 billion SHIB from OKX, reducing exchange reserves to 86.98 trillion tokens. Technical analysis indicates improved structure with higher lows established in June and August, though the price remains capped by Fibonacci resistance near $0.00000636. Support is now critical at $0.00000531, which aligns with the channel midline and previous swing high. Momentum has cooled with the RSI at 58, suggesting limited expansion despite the structural improvement.
What Whalio's data showed
Binance spot order flow for SHIB, measured when this story was published on 26 August 2026.
The 1-hour buy ratio of 49.8% indicates near-even distribution, contrasting with the 4-hour ratio of 56.9% which shows a slight preference for buyers over a longer timeframe. However, the 24-hour buy ratio drops to 49.1%, suggesting that buying pressure is fading as the day progresses. This shift is confirmed by the 24-hour Volume Delta of -$154,656, which shows net selling pressure over the full day despite a positive 4-hour delta of +$67,401. The 1-hour Volume Delta of -$288 further highlights immediate selling interest at current levels. Although the CVD closed positive at +$308,768, the declining buy ratios across shorter intervals imply that the recent upward momentum is encountering resistance. Traders are currently weighing the positive structural news against a lack of sustained aggressive buying in the most recent hour.