Although many crypto assets remain highly reactive to recent volatility, Shiba Inu has done the opposite — showing unusually flat price action over the last 24 hours. TradingView data reflects a near-zero candle movement, creating a “dead-flat” look on the chart. While this may seem like exhaustion or fading interest, SHIB’s price and volume behavior suggests something more nuanced — and potentially important.
How bad is it?
$SHIB trading volume sits around 258 billion, which is neither strong nor depleted. Its price holds at $0.00000859, barely shifting intraday. When compared to the 30-day average volume of 1.38 trillion, it becomes clear that this isn’t liquidity drying up — it’s the market collectively pausing.
After weeks of relentless selling pressure and a short-lived recovery attempt, this stabilization points to two possible scenarios:
1. Bear momentum is fading
Selling pressure that dominated October and early November has clearly weakened. Downswing attempts are producing smaller and smaller returns.
The RSI has recovered from oversold conditions, now sitting in the mid-40s, which is typical of a market trying to form a base. The lack of fresh lows is one of the first signs that sellers are losing control.
2. Bulls are testing the waters — but not fully committing
There’s no aggressive buying yet, but there is sufficient support to prevent further downside. However, SHIB remains below the 50, 100, and 200 EMAs, meaning any upward move will immediately face stacked resistance around $0.00000990–$0.00001050.
Until SHIB reclaims those EMAs, no meaningful trend reversal can be confirmed.
Implications of the low-volatility phase
Compression precedes expansion — flat candles after a strong trend often signal a breakout is coming.
Direction remains uncertain, but the stalling of bearish momentum slightly increases the odds of an upward retest.
Short-term expectations should favor range trading, likely between $0.00000800 and $0.00000900.
Volume exceeding the 30-day average will be required to confirm any real shift in trend. Anything weaker is just noise.
