Shiba Inu price prediction – What to expect from memecoin after its support fails

By: ambcrypto|2025/05/06 14:15:01

Shiba Inu slipped under the mid-range level and did not offer a buying opportunity High on-chain activity recently could be a sign of accumulation Shiba Inu [SHIB] , at the time of writing, was trading within a two-month-old range formation. In fact, its price action over the past few days suggested that bears have been gaining dominance. A recent report also highlighted heavy sell pressure from some whales. Source: SHIB/USDT on TradingView The memecoin fell below the mid-range level at $0.0000129. The inability to defend this support meant that SHIB is more likely to fall towards the range lows, than push towards the range highs. Additionally, the crypto’s on-chain metrics mostly reflected a lack of strength from the bulls too. Gauging market sentiment and Shiba Inu holders’ behavior Source: Glassnode Although it was reported that whales were aggressively selling Shiba Inu, the exchange net position change has been negative since January. This implied that more tokens have been leaving exchanges – A sign of reduced sell pressure and more accumulation. It saw high coin flows to exchanges in December, something that marked the rally’s top. Source: Santiment The funding rate data on Santiment revealed that the past few days saw a hike in bearish sentiments, with the funding rate dropping below zero. The Open Interest has also fallen since 26 April – A sign of dwindling bullish conviction. The active addresses metric saw a surge in early May, but the activity has died down once more. Consistently high activity might be indicative of demand, with sporadic spikes in activity more likely to point towards selling. Combined with the exchange outflows, it could be a sign of accumulation. Source: Santiment Finally, the mean coin age has lacked a strong uptrend over the past month, unlike the January-March stretch. Back then, the steady northward march of the MCA signaled network-wide accumulation. The dormant circulation saw a few hills form on the metric to reflect a hike in token movement, marking small waves of selling on-chain. The 30-day MVRV was back in negative territory. This could be an early sign that selling pressure from short-term holders was at an end. This could give the memecoin time for consolidation and accumulation. Share Share Tweet

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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