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▲ Shiba Inu (SHIB)/AI Generated Image
Shiba Inu (SHIB) spot net flow surged by 283%, and signs of a bottom recovery are re-emerging in the memecoin market, which had been suppressed by selling pressure.
According to U.Today, a cryptocurrency specialized media outlet, on May 28 (local time), Shiba Inu showed signs of approaching a stabilization phase in on-chain and market flow indicators, even as long-term bearish pressure remains significant. Based on CoinGlass data, Shiba Inu showed a trend of testing recovery potential after several weeks of bearish performance.
On the daily chart, Shiba Inu is trading below all major moving averages and has recently broken out of the lower boundary of its short-term upward structure. Looking solely at price action, sellers still hold the overall momentum, maintaining a downtrend by forming lower highs and lower lows.
However, spot market flows have begun to change. Shiba Inu's spot net flow increased by over 283% in a short period. U.Today explained that this movement indicates a significant increase in actual buying and selling activity, not just simple leveraged speculation. In the cryptocurrency market, spot activity is interpreted as an indicator of actual token distribution and accumulation.
According to the article, while the recovery in spot net flow does not mean that the selling pressure has completely ended, it can be seen as a sign that market participants are re-entering the Shiba Inu spot market. In particular, the revival of activity in spot trading rather than derivatives is closer to an actual change in supply and demand than short-term speculative movements.
U.Today reported that although Shiba Inu has not yet confirmed a clear trend reversal, if the recovery in spot flow and expansion of trading activity continue, it could increase the possibility of breaking out of the bearish phase. Shiba Inu remains within a bearish structure until it breaks through technical resistance, but the surge in spot net flow indicates that the market's sell-off-dominated sentiment is easing.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*
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