- $0.000012 demand zone: A concentrated cost-basis level critical for SHIB’s short-term direction.
- Exchange flows: Net outflows since August 17 suggest accumulation, but not an immediate bullish trigger.
- Technical signals: Weekly OBV and RSI favor sellers, warning of a possible 10–15% decline.
- Trading strategy: Risk management is key; watch $0.000012 closely before entering positions.
Shiba Inu Consolidates Above Critical Support
Shiba Inu (SHIB) is consolidating above a key demand zone at $0.000012, but weekly indicators are flashing warning signals. If buyers fail to defend this level, SHIB could slide to its weekly range lows, representing a potential 10–15% downside.
Despite these risks, exchange flows and whale accumulation provide a counterweight that may help stabilize the price if support holds.
On-Chain Accumulation and Exchange Flow Data
Data shows that exchange net flows turned negative on August 17, meaning more SHIB left exchanges than entered. This trend is typically seen as accumulation, as long-term holders move tokens off exchanges.
The cost-basis distribution heatmap highlights strong supply concentration at $0.000012, making this level a decisive pivot. If whales continue accumulating, the downside may be capped despite weak chart patterns.
XRP Price Targets
Weekly technicals underline bearish risks. SHIB has traded in a wide weekly range between $0.0000106 and $0.000016. Currently, it is nearing the lower boundary of this range.
- OBV (On-Balance Volume): Recently made a new low, signaling fading buying pressure.
- RSI (Relative Strength Index): Failed to break above the 50 level, favoring sellers.
On the daily chart, SHIB is capped by a descending trendline resistance with no clear bullish reversal yet. If $0.000012 breaks, a slide toward $0.0000106 weekly lows appears likely.
Why $0.000012 Matters for Shiba Inu
The $0.000012 demand zone is not just psychological — it’s where a large share of SHIB supply was recently acquired. This makes it a make-or-break level:
- Hold the zone: Opens room for a rebound and potential short-term rally.
- Lose the zone: A ~15% drop to range lows becomes the base case.
Also Read: ShibaInu Breaks Falling Wedge: Analyst Reveals Ideal Entry Price and $0.000016 Target
Should Traders Buy SHIB Now?
Traders should exercise caution. On-chain data shows accumulation, but technical indicators highlight weakness. Until SHIB proves it can defend $0.000012, risk management should be the priority.
- Buyers: Wait for confirmed defense of $0.000012 before entering.
- Sellers: Monitor breakdown levels for short setups targeting $0.0000106.
Shiba Inu price sits at a decisive juncture. The $0.000012 level is critical for SHIB’s short-term outlook, supported by accumulation trends but challenged by technical weakness. Traders should stay defensive, monitoring exchange flows and cost-basis levels to avoid being caught in a sharp pullback.