SHIB Buyers Step In as CMF Climbs Despite Price Drop
SHIB / TetherUS BINANCE:SHIBUSDT
The Chaikin Money Flow (CMF) for SHIB has been climbing steadily, even as price action has declined. This bullish divergence suggests accumulation at lower levels, highlighting a potential shift in momentum.
At press time, the CMF stands at 0.04, indicating that buying pressure is outweighing selling pressure. This reflects renewed inflows of capital into SHIB, despite its recent price weakness.
A rising CMF during a price drop often points to quiet accumulation by traders. This underlying strength signals that SHIB may be preparing for a rebound once market sentiment aligns with the inflows.
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