$SHIB As of the writing of this analysis, SHIB is trading at $0.00001162, having recovered 16% from the low that was recorded last Sunday, June 22.
On the MACD chart, a 'bullish crossover' has appeared — the MACD line has risen above the signal line for the first time in a month. This is a positive signal that hints at an improvement in the dynamics of the meme coin.
In recent sessions, the Chaikin Money Flow (CMF) has also risen, indicating increased capital inflows and high demand for the altcoin. At the time of writing, the indicator stands at 0.15 and continues to grow.
The CMF indicator shows how money enters and exits an asset. A positive value, like now, indicates that buyers are more active than sellers. This indicates strong capital inflows into SHIB, suggesting that investors are accumulating positions.
