Sellers Tighten Grip As SHIB Slides Toward Year Lows
The post Sellers Tighten Grip As SHIB Slides Toward Year Lows appeared on BitcoinEthereumNews.com.
Shiba Inu trades near $0.00000878, sitting just above the critical $0.00000860–$0.00000850 support zone as the downtrend strengthens. Coinglass data shows $395,700 in outflows, extending a two-week pattern of persistent red prints and signaling continued distribution. A close below $0.00000850 exposes $0.00000700, while reclaiming $0.00000944 and the 20 EMA is required for any meaningful bullish shift. Shiba Inu price today trades near $0.00000878, hovering just above the key $0.00000860 to $0.00000850 support shelf that has capped every selloff this month. The market stays locked in a firm downtrend as sellers maintain pressure beneath all major EMAs and flows remain negative ahead of November 19. Trendline Pressure Mounts As SHIB Stays Beneath All EMAs SHIB Price Analysis (Source: TradingView) The daily chart shows SHIB pinned beneath the long descending trendline stretching back to March. Every rally toward the trendline has been rejected, including the latest attempt earlier this month, confirming a clean series of lower highs. Price now sits below all major EMAs. 20 EMA: $0.00000944 50 EMA: $0.00001022 100 EMA: $0.00001023 200 EMA: $0.00001111 The downward slope of these averages reinforces the strength of the bearish trend. The failure to reclaim even the 20 EMA shows how aggressively sellers continue to fade each bounce. The Parabolic SAR remains above price, confirming that downside pressure is intact. SHIB has not produced a single bullish SAR print on the daily chart since early October, highlighting the persistence of the trend. Until SHIB breaks above $0.00000944, momentum remains firmly in favor of sellers. Spot Outflows Persist As Investors Avoid Risk Exposure SHIB Netflows (Source: Coinglass) Coinglass data shows Shiba Inu recorded $395,700 in net outflows on November 18. This follows a broader pattern of outflows stretching across the past two weeks, indicating that traders are still moving SHIB back onto exchanges rather than accumulating.…
