SHIB outlook this morning, 10/22 — significantly weaker than BTC:
Current price:
SHIB: $0.00000495–$0.00000506, down 5.35% in 24 hours and 11.52% over the month. Market cap is now about $2.96B, ranked #37.
Over the past 24 hours, SHIB fell 3.3% to $0.000005011 while BTC edged into the green, suggesting money is flowing out of meme coins.
Why it’s weak:
Exchange reserves are rising: About 87.16 trillion SHIB are currently held on exchanges (14.79% of the circulating supply), up 0.08% from yesterday. Net inflows are positive at 72.56 billion SHIB — meaning more is being deposited on exchanges than withdrawn, a sign of selling pressure.
Burn activity has collapsed: The burn rate is down 93.71% from the previous day and 82.87% for the week. Only about 170,367 SHIB (~$0.86) were burned in the past 24 hours — tiny compared with the 589 trillion supply.
Technical picture: The price is below the 50-day and 100-day EMAs ($0.00000525–$0.00000535), while the 200-day EMA at $0.00000560 has been a firm ceiling for months. RSI is around 45, momentum is weak, and volume is low, so the current bounce lacks support.
Key levels to watch:
If it holds $0.0000050, there’s still a chance of a recovery to $0.00000526 (yesterday’s high). If it loses this level, it could retest the October low of $0.00000480, or fall further to $0.00000450.
Resistance to reverse the short-term trend: SHIB needs to close a daily candle above $0.00000535–$0.00000560.
Short-term outlook: SHIB is a high-risk meme coin whose price moves more on attention than fundamentals. With BTC.D above 62% and Fear & Greed at Extreme Fear, meme altcoins like SHIB are often among the first to be sold off.
This is not investment advice. What price are you holding SHIB at, or are you watching for a new entry?#SHIBA🚀 $SHIB
Current price:
SHIB: $0.00000495–$0.00000506, down 5.35% in 24 hours and 11.52% over the month. Market cap is now about $2.96B, ranked #37.
Over the past 24 hours, SHIB fell 3.3% to $0.000005011 while BTC edged into the green, suggesting money is flowing out of meme coins.
Why it’s weak:
Exchange reserves are rising: About 87.16 trillion SHIB are currently held on exchanges (14.79% of the circulating supply), up 0.08% from yesterday. Net inflows are positive at 72.56 billion SHIB — meaning more is being deposited on exchanges than withdrawn, a sign of selling pressure.
Burn activity has collapsed: The burn rate is down 93.71% from the previous day and 82.87% for the week. Only about 170,367 SHIB (~$0.86) were burned in the past 24 hours — tiny compared with the 589 trillion supply.
Technical picture: The price is below the 50-day and 100-day EMAs ($0.00000525–$0.00000535), while the 200-day EMA at $0.00000560 has been a firm ceiling for months. RSI is around 45, momentum is weak, and volume is low, so the current bounce lacks support.
Key levels to watch:
If it holds $0.0000050, there’s still a chance of a recovery to $0.00000526 (yesterday’s high). If it loses this level, it could retest the October low of $0.00000480, or fall further to $0.00000450.
Resistance to reverse the short-term trend: SHIB needs to close a daily candle above $0.00000535–$0.00000560.
Short-term outlook: SHIB is a high-risk meme coin whose price moves more on attention than fundamentals. With BTC.D above 62% and Fear & Greed at Extreme Fear, meme altcoins like SHIB are often among the first to be sold off.
This is not investment advice. What price are you holding SHIB at, or are you watching for a new entry?#SHIBA🚀 $SHIB