Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Shiba Inu Rebounds From Critical Support; Here’s What Could Happen Next

Shiba Inu Rebounds From Critical Support; Here’s What Could Happen Next

BeInCryptoBeInCrypto2025/08/05 08:00
By:Ananda Banerjee

Shiba Inu’s price is holding onto a major support level, with bullish divergence flashing on CMF. But unless it clears 0.0001599, traders should stay cautious.

Shiba Inu had a fairly underwhelming week, slipping nearly 10% in the last seven days. Despite that, it still holds a 7% gain over the past month.

But with the broader market in flux, traders are wondering whether SHIB’s momentum will hold through August or if the token is running out of steam. With that in mind, it’s worth looking at where the funds are flowing and whether the key support level that just held can sustain the pressure.

Exchange Reserves Still Hover Near Yearly Lows

Shiba Inu’s exchange reserves, a proxy for sell-side pressure, are still stuck near their yearly bottom.

The reserves hit a 12-month low of 895.9 billion SHIB on June 22. Two days ago, the figure was around 995 billion, and as of August 5, it has increased marginally to 1.04 trillion.

Shiba Inu Rebounds From Critical Support; Here’s What Could Happen Next image 0Shiba Inu price and exchange reserves: Cryptoquant

That is still significantly below the yearly average, suggesting only mild profit-taking and no signs of panic selling. The lack of significant exchange reserves often means that either the exchange inflows are low or the big names are offsetting the selling pressure. Both of these moves are bullish in nature for the Shiba Inu price.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Money Flow Diverges From Price As Bear Power Wanes

Chaikin Money Flow (CMF), a metric that tracks buying and selling pressure based on volume and price movement, shows a bullish divergence. On July 31, CMF peaked before pulling back briefly. By August 3, it printed a new higher peak, even though the SHIB price made a lower low during the same period.

Shiba Inu Rebounds From Critical Support; Here’s What Could Happen Next image 1CMF divergence hinting at possible recovery: TradingView

This signals stronger buying interest, despite short-term price weakness; a classic case of hidden accumulation.

Shiba Inu Price Holds Ascending Support, But Resistance Levels Stack Up

SHIB recently bounced off the lower trendline of an ascending triangle, one of the most critical structures on the chart. That upward-sloping base is still intact, indicating the broader structure remains bullish. However, the token faces stiff resistance at multiple levels.

Shiba Inu Rebounds From Critical Support; Here’s What Could Happen Next image 2Shiba Inu price analysis: TradingView

The price is currently stuck below 0.0001258, with nearby resistances at 0.0001318 and 0.0001368. A move past these could open the door to the key breakout level at 0.0001599. That’s the level to watch; any sustained move above it would confirm a higher high, a key trend reversal structure SHIB hasn’t formed in a while.

While SHIB is showing signs of resilience, any breakdown below the ascending triangle’s lower trendline, currently hovering just above 0.0001160, would invalidate the bullish structure.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!