SHIB up 1.06% on thin Binance volume with RSI at 54 and a bearish MACD histogram

Blockchain.News reported that SHIB was up 1.06% on the session as of 08:43 UTC on October 4, but put the Binance spot figure for the past 24 hours at barely above $1.54 million, which the outlet called anemic for a token of SHIB's profile. The same report said the move came with no meaningful institutional participation, describing the activity as retail drift on thin volume that tends to reverse when real selling appears. On indicators, Blockchain.News put RSI at 54, which it read as buyers present but not committed, and said the MACD histogram was registering bearish, a reading that the outlet presented as the sharper concern. The outlet also noted that SHIB amplifies Bitcoin's directional moves, so a macro risk-off signal that pressures BTC would reach SHIB faster and harder than most altcoins. Blockchain.News additionally argued that the meme coin sector needs a macro tailwind rather than a headwind into Q4 to sustain a meaningful bid. This is one outlet's technical read on a single trading session, with no official statement, company action or second source in the evidence.