Shiba

Order

bullish

Shiba Inu

Time

<ul class="wp-block-list">
  
 <li>Shiba Inu shows bullish momentum but faces resistance and declining buying pressure.</li>   
 <li>Order imbalance suggests a short-term buying opportunity before testing resistance zones.</li>   
 <li>Shiba Inu’s market structure indicates potential consolidation, but on-chain activity supports continued growth.</li> 
</ul>   
<p><a href="https://cryptonewsland.com/analyst-confirms-the-start-of-altseason-as-shib-hints-at-3x-gains/">Shiba Inu (SHIB)</a> has seen mixed signals lately. While bulls struggle with resistance, on-chain activity is picking up. The Shibarium TVL hit new highs, and the network recently set a transaction milestone. With SHIB bouncing between support and resistance, traders are left wondering if now is the right time to buy. Will Shiba Inu keep moving up, or is a consolidation phase ahead? Let’s take a closer look.</p>   
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   https://twitter.com/CryptosHeadline/status/1867528401893949604 
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<h2 class="wp-block-heading" id="h-bullish-market-structure-shows-promise">Bullish Market Structure Shows Promise</h2>   
<p>Shiba Inu still holds a <a href="https://cryptonewsland.com/bullish-shib-pump-over-180-altseason-new-ath/">bullish market</a> structure on the daily chart. The higher low of $0.0000266 from December 3rd remained intact, signaling that upward momentum continues. However, the Money Flow Index (MFI) has dropped from 80 to 61, suggesting buying pressure is weakening. Despite the bullish trend, capital inflow isn’t as strong as it once was. The price fell below the $0.0000295 support, a key resistance level since April. </p>   
<p>Shiba Inu bulls broke through this barrier in November, but the recent dip has pushed the price back down. This sets the stage for a possible short-term consolidation period. From June to November, Shiba Inu tested the $0.00002 resistance zone several times. Each test either resulted in consolidation or a breakout. This could happen again as Shiba Inu buyers work to push through the $0.00003-$0.000037 region, which remains a solid resistance.</p>   
<h2 class="wp-block-heading" id="h-order-imbalance-suggests-a-short-term-bounce">Order Imbalance Suggests a Short-Term Bounce</h2>   
<p><a href="https://glassnode.com/">On-chain data</a> reveals an order imbalance that could create a buying opportunity. Large sell orders between $0.000032 and $0.000035 might limit SHIB’s ability to rise beyond this zone. This resistance level aligns with price action seen in March. </p>   
<p>However, there are fewer sell orders within 10% of SHIB’s current price, signaling a possible price bounce. With buy and sell pressures in balance, SHIB could see upward movement before testing the resistance zone again. If this imbalance holds, it may offer a short-term opportunity for traders to buy before <a href="https://coinmarketcap.com/currencies/shiba-inu/">SHIB</a> hits the $0.00003 region.</p>   
<p>While resistance levels remain tough, the order imbalance offers a potential buying signal. Traders should watch SHIB closely for any bounce and be ready to act. With rising on-chain activity, the upward trend might not be over just yet.</p>    
<p>The post <a href="https://cryptonewsland.com/shib-bullish-momentum-and-order-imbalance/">Shiba Inu’s (SHIB) Bullish Momentum and Order Imbalance: Time to Buy?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Shiba Inu’s (SHIB) Bullish Momentum and Order Imbalance: Time to Buy?

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