- SHIB trading volume surges 38.6% despite slight price dip, signaling strong market interest.
- Long-term outflows persist, showing investor caution despite brief inflow spikes.
- RSI and MACD hint at short-term rebound as bearish momentum starts to weaken.
Shiba Inu ($SHIB) has gained attention as technical indicators suggest a possible rebound, while long-term data shows persistent outflows. Despite recent volatility and a minor intraday dip, the meme-based cryptocurrency maintains trading momentum, with daily trading volume surging and the burn rate tightening supply.
Experts are thus closely watching whether this combination of the requested technical signals and the possibility of a supply shift could lead to a possible price rebound. At the same time, other tokens, such as Panshibi (SHIBI), will continue to capitalize on what appears to be a growing trend.
SHIB traded at $0.00001251 as of March 31, 2025, recording a decline of 0.76% over the last 24 hours. Yet, trading activity surged with a 38.60% increase in 24-hour volume to $221.25 million. This volume surge occurred despite a price dip, pointing to continued investor interest. The volume-to-market cap ratio reached 3.01%, pointing to strong liquidity.
Source: CoinMarketCap
The market capitalization stands at $7.37 billion, in line with its fully diluted valuation. SHIB’s circulating supply matches its total maximum of 589.55 trillion tokens, confirming that no tokens are locked or withheld.
Intraday activity on March 31 showed volatility, with the token dipping near $0.0000120 during midday hours before rebounding later. The price recovery after the dip suggests a potential change in short-term sentiment.
Outflow Trends Continue Despite Inflow Spikes
While daily volumes are up, long-term exchange flow data from Coinglass shows continued net outflows. From June 2023 to March 2024, SHIB has seen regular investor withdrawals, reflecting ongoing selling pressure. Large outflow events occurred in November and December 2023, with net outflows exceeding $50 million during peak periods.
Source: Coinglass
Despite a few positive netflow events, most in July, early November, and mid-January, the inflows failed to create lasting upward momentum. The data shows strong red bars across the chart, correlating with a slow price decline throughout early 2024.
Technical Indicators Show Early Rebound Signals
As for the other technical indicators, a potential rebound is shown by the momentum indicators on the 4-hour chart. Bullish pressure is also witnessed with an RSI increase from 33.77 to 41.11 therefore reducing bear pressure. An increase towards the figure 50 can be attributed to increased neutrality or the initial stages of a bull trend.
Source: TradingView
The MACD stands at -0.000000032, the same as the signal line. This formation indicates a bullish crossover pattern is being formed. While the histogram is bearish, the red bars are becoming narrower to reduce the downward pressure. If the price of SHIB is to break through this level and move further up, the next resistance level is around $0.00001300.
FAQs:
SHIB is drawing attention due to a surge in trading volume and technical indicators signaling a possible short-term rebound. The burn rate and tightened supply are also contributing factors.
The RSI has risen from 33.77 to 41.11, and the MACD is aligning with its signal line, both indicating easing bearish momentum. These signs point to a potential rebound if the trend continues.
Yes, long-term data shows consistent net outflows from June 2023 to March 2024. This indicates ongoing selling pressure despite recent spikes in trading activity.
