Shiba Inu (SHIB) Price Prediction: Cash inflow into the market decreased by 97%, long positions face strong resistance at $0.000022.

Shiba Inu (SHIB) continues to fluctuate narrowly around $0.000014, with relatively small daily fluctuations. Although long positions and short positions are still vying for short-term control, SHIB has maintained a 24% pump over the past month, indicating that bullish momentum has not fully weakened.

However, the price remains below the important resistance area, coupled with cautious positive market signals, indicating that the next trend will depend on the buyers' ability to overcome the top selling pressure.

Cash inflow into the market decreased by 97% – short-term selling pressure weakened

One of the most obvious signs that market sentiment is stabilizing is the sharp decline in the amount of SHIB transferred to exchanges. Specifically, on July 13, the inflow of SHIB to exchanges peaked at around 2.65 trillion coins. By July 28, this number had fallen to just 70.43 billion coins, a decrease of over 97%.

Generally, a decrease in the number of tokens transferred to exchanges indicates a reduced willingness to sell in the short term, especially from large investors. As SHIB approaches a technical resistance zone, this is a positive signal.

(Source: CryptoQuant)

Beware of the pressure and resistance clusters of investor outflow

Although the direct selling pressure has eased, the path to price recovery remains unclear. According to data from IntoTheBlock, only about 18.25% of investors are in profit, while over 78% of holders are in a loss.

It is worth noting that within the price range of 0.000015 to 0.000019 USD, the largest address group holding SHIB has formed a dense "resistance zone." Many investors may seek to exit in this area to stop losses or recover their principal, thus creating significant selling pressure.

This fact explains why SHIB has repeatedly failed to approach the $0.000015 mark. If the price enters that area, it will be crucial to monitor the amount of funds flowing into the exchanges to assess whether the selling pressure is returning.

(Source: IntoTheBlock)

If the resistance level is confirmed to be broken, the potential upward space reaches 57%

Currently, SHIB remains at a strong support level in the 0.000012 USD range and is showing stable signals. However, to confirm the bullish trend, buyers need to push the price above the resistance level of 0.000018 USD to 0.000019 USD and turn it into a support level.

Currently, the trading price of SHIB is approximately $0.000014, which aligns with the short-term resistance level that has been repeatedly tested in the recent trading days. Due to the dense resistance levels at $0.000015, $0.000016, and above, any potential pump will likely not be a one-time event, but rather phased.

If it breaks through the 0.000019 USD area, SHIB may continue its upward momentum to 0.000022 USD, which means an increase of about 57% from the current level. Conversely, if it fails to hold the key support level of 0.000012 USD, the short-term price structure may turn to a clear bearish trend.

(Source: Trading View)