Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
tag
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
IPO
Rewards
Square
Latest
Hot
News
Profile
AutumnSlopeCabin

SHIB’s rebound this round is a bit brutal—80 trillion in reserves are pressing down. The wedge has broken; better wait and see.

SHIB-1.45%
View Original
CoinNetwork
XBIT DEX: 17.8 billion SHIB flows back to the exchange, hope of a bull market reversal is dashed
XBIT DEX reports approximately 17.8 billion SHIB returning to exchanges on Monday, leading to an increase in tradable supply, with reserves exceeding 80 trillion SHIB again. Inflows surged in the past 24 hours, raising market concerns about intensified selling pressure. Technical analysis shows SHIB breaking below the ascending wedge pattern since March, dropping to its yearly low, with the price below the 50/100/200-day moving averages, indicating a bearish trend. The key support level is at $0.0000053; if broken, further decline may occur.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap