Shiba Inu (SHIB) Shows Minimal Activity: Has the Market Stalled?

The Shiba Inu (SHIB) market is currently showing very little movement, both in price and on-chain activity. After a sharp decline, SHIB has stabilized but appears stuck in a stalemate, with neither bulls nor bears taking control. At the time of writing, SHIB is trading near $0.0000109, just above a critical local support at $0.0000095.

Market Paralysis?

This support region has held multiple times, suggesting a possible bottom formation. However, volume and volatility remain extremely low. The RSI indicator is flat between 37-40, reflecting a lack of momentum on either side. While a recovery could occur if buying pressure returns, current inactivity reduces the likelihood of near-term gains.

On-Chain Data Confirms Stagnation

CryptoQuant data shows minimal changes in exchange metrics like Netflow Inflow and Outflow over the past day. Exchange reserves have only slightly increased by +0.13%, indicating that coins are largely sitting idle rather than moving between wallets. Netflow at -0.34% is essentially neutral, confirming that no significant buying or selling is happening. There are no notable whale accumulations, transfers, or liquidations—investors appear to be waiting for either a technical signal or a macro catalyst.

Neutrality Prevails

Although SHIB may have bottomed near current levels, it is not attracting enough institutional or speculative attention to trigger a recovery. The token risks trading sideways in this low-liquidity environment. Any significant breakout or breakdown will likely depend on a sudden resurgence in volatility in an otherwise stagnant market.$SHIB