Seven out of ten key indicators for Shiba Inu are currently bullish, according to the most recent on-chain data. Exchange reserves have decreased, with a negative netflow of approximately 64.8 billion SHIB and 250.2 billion SHIB withdrawn from platforms versus 185.4 billion deposited. Active addresses increased by more than 1% in one day, while the RSI has emerged from oversold territory. However, SHIB remains below its 50-day, 100-day, and 200-day moving averages, and the technical structure remains very bearish, creating a notable divergence between improving on-chain data and weak price action.
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