Shiba Inu faces downward pressure: What does the ADX indicator reveal about the market trend?

As of March 6, 2026, Shiba Inu is still facing significant selling pressure. The SHIB futures flow continues to outflow, while the ADX indicator and other technical signals clearly point to a defined downtrend. Will SHIB continue to decline or is a bottom near?

ADX Indicator Depicts Shiba Inu’s Trend Picture

Looking at the hourly chart of SHIB, the ADX (trend strength indicator) is currently at 38 — a very important level. Although the ADX does not specify the direction (up or down), crossing above 25 reveals one undeniable fact: the market trend is very strong.

Coupled with the fact that SHIB is trading below the smooth moving average (SMMA) of 7 periods at $0.00000784, the ADX confirms that the downward pressure is not just a temporary reaction. Instead, it’s part of a strong overall trend. The SMMA remains sloped downward, acting as a continuous resistance wall. Only when SHIB closes and stabilizes above this level will a recovery have a chance to expand.

The recent Chande momentum indicator is at -34, indicating that although the price is temporarily stable, the sellers still hold control. For a positive change, Chande needs to rise above 0, signaling that selling pressure is waning and investors are regaining momentum. Currently, SHIB is around $0.00, down 1.26% in the past 24 hours and down 7.18% over the week.

Price Analysis and Key Levels

SHIB’s 24-hour trading volume reached $795.03 million, indicating significant market interest. However, the recent 1.26% decline shows that capital is still flowing out rather than in.

Potential support levels are around $0.00000775 to $0.00000780. If this level is broken, traders may push the price further down to $0.00000770. On the upside, resistance begins at the SMMA at $0.00000784, then extends to the recent correction zone around $0.00000790–$0.00000793.

Net Capital Outflow: Trader Warning

Data from SHIB futures over the past 24 hours continues to tell an unhappy story: inflows are $12.97 million, but outflows have reached $14.67 million, creating a net outflow of about $1.7 million. The net change ratio plummets to -37.27%, clearly indicating that holders are weakening.

Extending the timeframe to three days, the pattern persists: total inflows of $22.57 million, outflows of $25.87 million, resulting in a net outflow of about $3.3 million. Although the net change appears nearly balanced at 0.61%, the reality is that net outflows over 12 hours, 24 hours, and three days show institutional traders are withdrawing rather than increasing their positions.

Another early warning sign: relative to market capitalization, the net flow is only 0.037%, indicating that capital outflow is not large but enough to maintain downward pressure. Unless this flow begins to decrease significantly or reverses into inflows, SHIB will continue to face selling pressure.

Conclusion: While the ADX confirms a strong trend, the persistent negative net flow warns that traders remain cautious. SHIB needs to demonstrate new buying interest to break through the current resistance; otherwise, a deeper sell-off may be imminent.