Heavy SHIB Exchange Outflows Fail to Spark Shiba Inu Rally
On-chain analytics reveal massive Shiba Inu (SHIB) exchange outflows over recent 24-hour periods—first roughly 263 billion SHIB, then 15.4 billion with a netflow of –18.1 billion—driving total reserves down and signaling possible long-term accumulation. Active addresses also rose, but SHIB price remains under pressure around $0.0000099–$0.0000105, down about 2%. Key technical barriers—the flattened 26-day EMA, 50-day EMA at $0.0000108 and 200-day EMA at $0.0000125—continue to cap any rebound. Trading volume is thin and the RSI near 47 indicates hesitation. Without a decisive break above $0.0000115–$0.0000122, sustained exchange withdrawals and higher volume, Shiba Inu’s price recovery is likely to consolidate rather than stage a strong breakout. Traders should monitor SHIB exchange netflow, EMA confluence and regular token burns for clearer bullish signals.
Neutral
Although significant SHIB exchange outflows indicate reduced sell-side liquidity and potential accumulation by long-term holders, the price remains capped by multiple EMAs, with low trading volume and a neutral RSI. In the short term, these factors point to continued consolidation rather than a breakout. Long-term bullish potential exists if outflows persist and volume increases, but current technicals and muted market activity justify a neutral stance.