SHIB dey see 184 billion token enter exchange as price drop 0.2%
Shiba Inu (SHIB) dey see heavy spot exchange inflows, almost 184B SHIB don land for exchanges, while price don drop small, about 0.2% in 24 hours (around $0.000006206). CryptoQuant data dey show say spot exchange inflows and their 7-day averages dey rise, and net flow still positive (inflows pass outflows). This one dey increase available SHIB supply for exchanges and fit add short-term selling pressure near key resistance.
Latest updates still flag say big-holders and high-value transactions activity don rise. That kin fit spark faster moves, but direction still unclear—SHIB whales fit dey prepare to distribute (bearish) or reposition for upside (bullish). Traders suppose dey monitor follow-through from heavy transfers and related on-chain signals.
Technically, SHIB recovery try dey fragile after long downtrend, small upward channel dey form. But 100- and 200-day EMAs still dey slope down and dey act as dynamic resistance. Clean breakout likely need stronger volume; if no, SHIB fit remain capped and dey vulnerable to short-term volatility.
Neutral
SHIB spot inflow for exchanges (about 184B) plus di positive net inflow don add more supply we fit sell for exchange, so short-term e fit cause more wahala for price — e go fit swing or face pullback; at the same time big on-chain moves from big holders fit trigger sharp market moves. But both info dey stress say “direction never confirm”: big transfers fit be distribution (bearish), or e fit be making ready for next leg up (bullish). Also, 100/200 day moving averages still dey go down and dey form dynamic resistance, meaning even if price try push up e no sure to continue. Overall dey lean more to a “volatility-event driven neutral/observe stance”; need to wait for volume breakout or on-chain net outflow reversal to confirm trend.