Market Overview
- •SHIB trades near support with bullish divergence forming against Bitcoin, hinting at an early shift in market structure.
- •Bitcoin trades around $107,442 after a mild decline, maintaining strong liquidity and deflationary supply dynamics.
- •SHIB’s $5.68B market cap and balanced liquidity signal stable participation despite short-term downside pressure.
The crypto market is in a still period as Bitcoin pulls back to some extent and Shiba Inu gathers at the support. The level of trading is stable indicating that investors are still on the move though more cautious with the declining momentum of key digital assets.
Shiba Inu’s Structure Signals a Potential Turning Point
According to a recent post from @JavonTM1, the SHIB/BTC chart could be nearing a major shift. The pair has spent months inside a long-term descending wedge that began forming after the 2021 highs. Each rally attempt has been met with lower highs, while support continues to compress into a narrowing range — a pattern that often precedes large breakouts.
Momentum indicators on the chart reveal a steady divergence. As the price moved to new lows, the oscillator built higher lows, indicating that underlying strength may be returning. This gradual change hints that sellers are losing control while accumulation quietly builds. Divergences like this often appear at the tail end of drawn-out downtrends.
For confirmation, traders are watching the upper boundary of the wedge. A clean break above that resistance, backed by volume expansion, would signal a potential shift in trend direction. Until such a move occurs, the structure remains in consolidation, keeping the market in a neutral stance.
Market Data Shows Controlled Weakness in SHIB
As of the time of writing, Shiba Inu trades at $0.000009642, down roughly 5.6% over the last day. Its market capitalization sits near $5.68 billion, with the fully diluted valuation roughly the same — evidence that nearly all supply has already entered circulation. That full supply condition limits dilution and shifts focus toward demand growth.
Trading volume over the same period totals about $134 million, suggesting steady participation without signs of excessive speculation. Such balanced activity helps maintain price stability, even as short-term sentiment softens. The depth of the market is also preserved, which makes SHIB liquid and able to withstand strong volatility bursts.
The current circulating supply of tokens is 589.2 trillion, which is quite near its total supply of 589.5 trillion. The wide dispersion of tokens facilitates good liquidity but limits scarcity effects. The key zone is the $0.0000095-$0.0000096 area - the price that is able to sustain itself will keep the structure intact and will draw in fresh purchasing intentions.
Bitcoin Remains Dominant in the Wake of Slight Correction
Bitcoin is trading around a range of $107,349-$111,130 at prices of about 2.6% per day. There is still a strong trading activity as the drop was accompanied by $44.37 billion being traded within the past 24 hours. This volume indicates that the pullback is a routine market move rather than a breakdown.
The cryptocurrency’s circulating supply has reached 19,943,725 BTC, or roughly 94% of the total 21 million limit. Its market capitalization holds at $2.14 trillion, perfectly aligned with the fully diluted valuation — a sign that scarcity remains one of Bitcoin’s strongest long-term drivers. With fewer than 1.06 million BTC left to mine, supply pressure continues to tighten each cycle.
Immediately following the formation of resistance just above $111,000, the session's price action demonstrates a slow decline. Traders started keeping an eye out for stabilization as prices fell back into the $107,000–$108,000. In the past, such movements frequently signal pauses prior to the emergence of new trends. Long-term holders, including treasuries controlling over 1.66 million BTC, remain firm, suggesting confidence has not eroded despite the short-term correction.