Shiba Inu flashed a short-term bullish signal after its 50-hour moving average crossed above the 200-hour moving average. The token rose about 1.43% over the past 24 hours and traded near $0.000006. Even so, the move has not been backed by stronger market participation, and price action remains pinned close to recent levels.
Exchange inflows climbed sharply within hours
Data from CoinGlass showed a sharp jump in SHIB inflows to exchanges over an eight-hour window. Inflows also exceeded outflows by a wide margin. That pattern often points to profit-taking, with more tokens moving onto trading venues where they can be sold, adding pressure to short-term price momentum. The chart improved, but flow data did not confirm a stronger breakout.
Spot activity stayed relatively quiet. Daily trading volume increased only about 1.53% to roughly $109 million, a modest change for a token trying to push through resistance. Price moved higher, yet turnover did not expand enough to show broad conviction from market participants.
Open interest rose, but traders have not leaned heavily long
Derivatives data told a similar story. Futures open interest climbed nearly 3% to around $53 million, suggesting that traders are adding exposure. Still, funding rates remained flat, indicating that positioning has not shifted aggressively toward longs. Interest is building, but commitment remains limited.
Short-term structure also stays fragile. Charts continue to show lower highs, and that pattern keeps the broader setup weak even after the golden cross. A crossover on its own does not erase the existing trend structure. Buyers still need stronger follow-through.
The market is still focused on resistance near $0.000006
Shiba Inu has tested resistance near its daily 50 moving average around $0.000006 several times, and earlier breakouts above that area failed to hold. That leaves the zone in focus again. If buyers can sustain control, the token could move toward $0.00000625 in the near term. If demand strengthens more meaningfully, the path toward $0.000010 could reopen.
On the downside, analysts are watching support near $0.000005. A break below that level would add weight to the current bearish pressure, especially if volume expands during a decline. For now, SHIB remains trapped in a narrow range, with an improving technical signal offset by rising exchange supply and cautious derivatives positioning.