The leading coin of memes, Shiba Inu (Shiba), fell by almost 10% over the past week, increasing its price to 0.000012 dollars.
Nevertheless, signs of bull reversal begin to appear, and both in the chain and technical indicators hint at the potential revival of demand at the meme.
Shiba inu bulls wave
On the daily graphics, the Shaykinsky stream Shaykin (CMF), which tracks the influx and outflow of capital, was up, even when the price of the coin of the meme has decreased. At the time of writing this article, the pulse indicator is 0.02, intersecting above the neutral zero line.
This trend forms a bull divergence, assuming that the purchase pressure is quietly built in Shib Spot markets, even if the wider market moods remain careful.
Data in the chain support this bull forecast. According to Santiment, the SHIB network has implemented a profit/loss (NPL) remains negative, which indicates that most of the owners are under water.
As a rule, a negative NPL means a decrease in sales pressure, since investors often reluctantly unload assets with a loss. As a result, longer periods of retention can reduce the circulating proposal of Shib, creating conditions that can confirm the short -term rebound for the Meme coin.
Moreover, Shib futures dealers share this bull moods. This is reflected at the positive level of financing of the coin, which is 0.0082% during printing.
The financing rate is a repeating fee paid between traders in permanent futures contracts in order to maintain the price of the contract in accordance with the point price.
When the bet is positive, long traders pay short traders. This indicates that bull sentiments dominate among the merchants of Shib futures, since the demand for long positions is higher.
Shib hints at the rebound by $ 0.000014
During the printing, the Shiba is traded at a price of $ 0.000012. With technical indicators flashing the early bull signals, the meme coin can change its recent descending trend and rally to the mark of 0.000014 US dollars in the short term.
However, in order to initiate a stable recovery, Shib must first overcome the key resistance level-20-day exponential sliding average (EMA). This forms a barrier above the price of a coin of $ 0.000013.
The decisive break above EMA can attract the renewed interest of customers in Shib and confirm a short -term change in the bull tendency.
On the other hand, if the purchase of pressure decreases, the price of a width can fall to 0.000010 dollars.
