So, apparently, Shiba Inu is showing “early indications of a change in momentum.” Big deal. My dog shows more momentum when he sees a squirrel. But hey, let’s dive into this anyway, because why not?
Netflows Finally Flip… Or Did They Just Trip?
Netflows have “drastically decreased” over the past 24 hours, with 30 billion SHIB leaving exchanges. Wow, 30 billion. That’s like, what, a nickel in real money? Anyway, this supposedly means people are accumulating. Or maybe they’re just tired of looking at it. Who knows? The exchange reserve is still high, so don’t go buying a yacht just yet.
Apparently, less supply on exchanges means less selling pressure. Makes sense, I guess. It’s like when I stop buying cookies, my pantry doesn’t magically refill itself. But pair this with a “modest increase in active receiving addresses,” and it’s like, okay, some people still care. Even in a risk-off market. Which, let’s be honest, is every market these days.
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Shiba Inu Never Got Better… But It’s Trying?
SHIB is still in a downward trend. Shocking, I know. But hey, it’s got “higher lows” now. Like, it’s not hitting rock bottom every day. Progress? Maybe. It’s also trying to recover short-term moving averages, which have been its personal nemesis for months. Good luck with that.
The real issue? Overhead pressure. Every time SHIB tries to go up, it hits a wall. The 50 and 100 EMAs are like the bouncers at an exclusive club, and SHIB is the guy in flip-flops. To actually “gain control,” it needs to break above these levels and change the market structure. Yeah, good luck with that too.
Right now, it’s in a “transitional state.” Aggressive selling is slowing down, which is nice. But does that mean a long-term rally? Probably not. Without more volume and market support, this could just be a temporary break from the misery. Kind of like when I take a nap during a bad day. It doesn’t fix anything, but it feels nice for a minute.
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2026-03-29 13:17