The SHIB market is experiencing stagnation, characterized by minimal price movement and low on-chain activity. SHIB is currently trading near $0.0000109, slightly above a key support level of $0.0000095, with both buyers and sellers showing hesitation. According to CryptoQuant data, exchange inflows and outflows have remained relatively unchanged, with exchange reserves increasing by only 0.13% in the past 24 hours. Net flows are neutral at -0.34%, indicating a lack of significant buying or selling pressure. The absence of whale activity and low trading volume suggest that investors are awaiting a technical breakout or a macro-level catalyst to drive market movement.
SHIB Market Stagnates Amid Low Volume and Volatility
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