The post Shiba Inu Price Slips on Bearish Grounds, But Top Wallets Signal a Twist appeared on BitcoinEthereumNews.com. Shiba Inu’s price hasn’t moved much in the past 24 hours. At press time, it was down by just 0.6%, mostly in line with the broader memecoin market decline. But things get worse when one looks at the larger picture. SHIB has fallen by over 17% in the last 30 days. With that backdrop, bearish signs are starting to appear, and fast. However, there’s one sign of strength that could shift the tone. Active Addresses Close in on Monthly Lows The first red flag comes from the network itself. Daily active addresses for SHIB have steadily declined and are now closing in on monthly lows. The metric sits at 3,148, just above the month-on-month bottom of 3,130. Shiba Inu price and active addresses: Cryptoquant This matters because previous surges in active addresses have always preceded upward price moves. Between August 6 and 8, the count jumped, and the SHIB price responded almost immediately. While minor on paper, this drop in activity aligns with bearish behavior. The Bull-Bear Power (BBP) indicator shows rising selling pressure, indicating that bears are slowly taking control of the Shiba Inu price momentum. Shiba Inu bears gaining control: TradingView The Bull-Bear Power (BBP) indicator measures the difference between the daily high/low and a moving average to gauge whether bulls or bears are currently in control of price action. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. One Key Buyer May Be Holding Up the Floor Despite the weak activity and rising bearish momentum, one metric is not falling in line. The Chaikin Money Flow (CMF) is still above the 0 line, indicating net positive capital flow into SHIB. That usually happens when significant players are buying while others exit. From a technical perspective,… The post Shiba Inu Price Slips on Bearish Grounds, But Top Wallets Signal a Twist appeared on BitcoinEthereumNews.com. Shiba Inu’s price hasn’t moved much in the past 24 hours. At press time, it was down by just 0.6%, mostly in line with the broader memecoin market decline. But things get worse when one looks at the larger picture. SHIB has fallen by over 17% in the last 30 days. With that backdrop, bearish signs are starting to appear, and fast. However, there’s one sign of strength that could shift the tone. Active Addresses Close in on Monthly Lows The first red flag comes from the network itself. Daily active addresses for SHIB have steadily declined and are now closing in on monthly lows. The metric sits at 3,148, just above the month-on-month bottom of 3,130. Shiba Inu price and active addresses: Cryptoquant This matters because previous surges in active addresses have always preceded upward price moves. Between August 6 and 8, the count jumped, and the SHIB price responded almost immediately. While minor on paper, this drop in activity aligns with bearish behavior. The Bull-Bear Power (BBP) indicator shows rising selling pressure, indicating that bears are slowly taking control of the Shiba Inu price momentum. Shiba Inu bears gaining control: TradingView The Bull-Bear Power (BBP) indicator measures the difference between the daily high/low and a moving average to gauge whether bulls or bears are currently in control of price action. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. One Key Buyer May Be Holding Up the Floor Despite the weak activity and rising bearish momentum, one metric is not falling in line. The Chaikin Money Flow (CMF) is still above the 0 line, indicating net positive capital flow into SHIB. That usually happens when significant players are buying while others exit. From a technical perspective,…