Shiba Inu Consolidates Above $0.000005 as Exchange Supply Peaks
Shiba Inu (SHIB)
Editor:
Eugene Serbin
trendkia.com reports that Shiba Inu (SHIB) is consolidating after sustaining a 7% gain through August and logging two consecutive positive months. The token stalled above the $0.00000500 psychological barrier on Tuesday as upward momentum slowed. On-chain metrics show exchange supply reached an annual peak of 139.59 trillion SHIB, up from 137.66 trillion on July 24, signaling increased profit-taking risk.
The supply in profit metric hit an eight-month high of 7.60%, suggesting long-trapped investors may exit positions. Despite burning 41.35 million SHIB on Monday and 43.43 million on Thursday, these burns are insufficient to offset weakening demand. Speculative appetite is curbed as capital rotates toward privacy-focused assets like Zcash and Jupiter.
Technically, SHIB trades above the 50% Fibonacci retracement at $0.00000521 but faces resistance at the 78.6% level of $0.00000602. The RSI hovers near 55 and the MACD line is flat, confirming a lack of strong directional momentum. Bitcoin slipped below $80,000 on Monday, while Cardano (ADA) surged over 15% last week to trade around $0.2254. Hyperliquid (HYPE) pulled back into negative territory despite registering its fifth consecutive week of institutional ETF inflows.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 8 September 2026. Not the outlet's figures.
SHIB is currently trading at $0.000005430 on Binance Spot with a 1-hour buy ratio of 60.5%, indicating strong short-term buying pressure. This contrasts with the 4-hour buy ratio of 52.8% and the 24-hour buy ratio of 49.0%, showing that buying interest is fading over longer timeframes. The 1-hour volume delta is positive at +$16,410, while the 4-hour delta is +$40,549, but the 24-hour delta is negative at -$80,652. This negative daily delta suggests that despite recent spikes, net selling has dominated the full day. The cumulative volume delta (CVD) for the 24-hour close is +$32,249, indicating that buying pressure has slightly outweighed selling pressure over the full period. Net buying occurred in 13 out of 24 hours, with a total spot volume of $4,172,173 and 31,142 trades recorded.
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.
Over the preceding week, the average buy ratio was 47.6%, making the current 24-hour ratio of 49.0% slightly higher by 1.4 points. This indicates that today is a slightly more bullish day for SHIB compared to the weekly average. Volume is also elevated, running at 1.12 times the weekly average. However, the 8-day volume delta total is -$1,333,199, showing that net selling has persisted over the longer term despite the recent uptick. The price has changed +7.1% over the 8-day period, with only 1 of the 7 days showing net buying.