SHIB Price Prediction for April 3: Can Shiba Inu Rebound After a 4.44% Drop?

• SHIB large holder netflows improve despite 83% drop in overall activity.  
• Price falls 4.44% but trading volume jumps 40.53%, signaling market volatility.  
• RSI and MACD suggest weakening bearish momentum, hinting at possible rebound.

Shiba Inu (SHIB), a widely traded meme-inspired cryptocurrency, has remained relatively quiet in news cycles despite a volatile period in the broader crypto market.

However, recent blockchain and trading activity shows underlying movement, suggesting a possible shifting environment for the asset. While SHIB posted a 4.44% drop over the last 24 hours, technical indicators and on-chain metrics point to important developments beneath the surface.

Large Holder Flows Show Sharp Drop in Activity

New data from IntoTheBlock reveals that wallets holding at least 0.1% of SHIB’s circulating supply saw a steep decline in netflows, with both inflows and outflows decreasing by 83% over the past 24 hours.

Despite the volume reduction, the NetFlow metric improved from -141.37 billion SHIB to -29.05 billion SHIB. This change indicates that while large-scale movement slowed, net inflows outweighed outflows during this period, reflecting a possible shift in large holder positioning.

SHIB Price Falls But Market Activity Rises

At the time of writing, SHIB’s market price declined to $0.00001203, marking a 4.44% drop in value. At this price level, SHIB’s market capitalization sits at approximately $7.08 billion. Despite the downward price movement, trading activity increased.

The 24-hour trading volume rose by 40.53%, reaching $338.26 million. This surge in volume amid a falling price may reflect short-term volatility driven by investor reactions to broader market trends.

SHIB reached a high of $0.00001295 before retreating during the early hours of the trading day. The asset has since remained mostly in negative territory, with minor recoveries failing to reclaim earlier levels.

SHIB’s circulating supply is 589.25 trillion, while its total and maximum supply are both capped at 589.55 trillion tokens. The token’s fully diluted valuation stands at $7.09 billion, with a volume-to-market cap ratio of 4.78%.

Technical Indicators Suggest Early Momentum Shift

As of April 3, SHIB rebounded slightly to $0.00001219, reflecting a 1.84% intraday gain. Key technical indicators on the 1-hour chart point to early signs of a momentum shift. The Relative Strength Index (RSI) has risen to 47.79, up from below 40 earlier, showing increased buying pressure without entering overbought territory.

The MACD line, positioned near -0.00000001, is closing in on the signal line at -0.00000009. The histogram bars are shrinking toward the zero line, suggesting a weakening of bearish momentum. If this convergence continues, a MACD crossover could signal further price movement.