SHIB remains under pressure, although a sequence of higher lows continues to develop across the broader support structure shown on the chart. Exchange activity is concentrated on Upbit, OKX, and Binance, while net flows remain divided among major trading venues in the latest snapshot.

The newest support curve is positioned near $0.0000048, while resistance remains close to the recent $0.0000055 region marked by the candles. The chart therefore presents a mixed structure: support has been rising, but exchange-flow data remains uneven.

Higher Lows Maintain the Support Structure

The chart shows SHIB forming progressively higher reaction lows. Buyers have repeatedly appeared around the green support curves during recent declines, with each defended area positioned above the previous reaction zone.

The earliest support curve was located near the $0.0000040 region. Price later established another reaction at approximately $0.0000044, creating the first visible sequence of higher lows.

A stronger advance then lifted SHIB above $0.0000050. The move briefly reached approximately $0.0000062 before renewed selling pressure emerged. Price subsequently pulled back but did not return to the earliest support area.

The latest green curve is located around $0.0000048-$0.0000049. SHIB rebounded from that area and moved toward the upper portion of its recent range. The pattern continues to show progressively higher support beneath the price.

The supplied Mavis CNL post points directly to this higher-low structure, noting that the green support curves continue to hold across the displayed chart. The post also identifies a clean break as the next possible structural trigger. The post is available on X: https://x.com/ChiBoy22464274/status/2097719654244364502?s=20

Exchange Activity Shows Uneven Capital Movement

As of writing, SHIB is trading at $0.000005155, down 4.87%. Its market capitalization is near $3.03 billion in the supplied snapshot, placing the token close to the upper section of its recent recovery range. Market data references include CoinMarketCap: and CoinGlass:

The volume heatmap shows Upbit leading the displayed trading activity, with approximately $261.58K. OKX follows at $180.38K, while Binance records approximately $169.47K.

The net-flow heatmap shows a different distribution. OKX records positive net flow of approximately $68.49K, while Upbit shows approximately $54.22K. Binance and Coinbase display negative net-flow readings in the same snapshot.

These readings describe the exchanges and period shown in the snapshot; they do not by themselves establish a broader or persistent flow trend. Comparing the flow blocks with later snapshots would be necessary to determine whether the current distribution is sustained.

Support Remains Central to the Current Setup

The difference between volume and net flow distinguishes trading activity from the direction of displayed capital movement. High trading activity does not necessarily indicate consistent inward movement. The exchanges shown in the snapshot have different flow conditions despite substantial transaction activity.

Upbit illustrates this difference most clearly. It has the highest displayed volume but shows a red net-flow block. OKX, in contrast, combines strong volume with the largest positive net-flow reading.

The smaller heatmap blocks include Bybit, Bitget, Kraken, Crypto.com, Gate, and Bitstamp. Their readings are below those of the largest exchanges shown, indicating that trading activity is spread across several venues.

The broader chart remains centered on the green support structure beneath the recent candles. The latest recovery is above earlier reaction lows but below the previous peak. A move through recent highs would change the immediate structure, while renewed weakness could test support again.

The data presents two connected but separate developments: the price structure continues to display higher lows, while exchange flows remain mixed. The next directional move depends on whether support continues to hold or resistance gives way.