Shiba Inu Futures See Major Outflows as Price Volatility Continues

Shiba Inu futures contracts experienced significant capital withdrawal over the past day. Data from CoinGlass reveals that 1.24 trillion SHIB tokens, valued at $10.50 million, exited futures positions during this period. This outflow exceeded the $8.8 million in inflows, creating a net negative flow of $1.7 million.

The withdrawal pattern suggests traders are pulling back from leveraged positions in the meme cryptocurrency. Such movements typically indicate reduced confidence in short-term price action or profit-taking after recent volatility. 

Price Action Shows Recovery Attempt

SHIB’s price climbed 3.71% in the past 24 hours, reaching $0.00000853 at press time. This represents a rebound from Friday’s low of $0.00000815, which marked the bottom of a two-day decline. Trading volume increased by 4.39% to $94.53 million, suggesting sustained market interest despite the futures outflows.

The token faces immediate resistance at $0.00001017. A breakthrough at this level could push prices toward the 50-day moving average at $0.00001084. Technical analysts point to $0.000015 as a potential long-term target if bullish momentum builds. However, recent technical indicators present a mixed picture for traders.

Technical Signals Flash Warning Signs

A death cross formation appeared on the hourly chart as the 50-hour moving average crossed below the 20-hour moving average. This marks another such occurrence in 2026 and generally signals short-term bearish pressure. The pattern often precedes price consolidation or further declines.

Support levels require close monitoring in the coming sessions. The daily 50-period moving average at $0.0000081 serves as crucial support. Maintaining prices above this threshold remains essential for preserving upward momentum. A failure to hold could send SHIB toward the next support zone at $0.00000732.

The Relative Strength Index and other momentum indicators point toward potential range-bound trading. Neither buyers nor sellers have established clear dominance. This equilibrium could persist until a significant catalyst emerges to shift market sentiment.