+160B SHIB Exchange Inflows Signal Sell Pressure, Key Resistance Ahead
SHIB exchange inflows surged by over +160B SHIB in 24 hours, a pattern the report links to potential sell pressure as tokens move onto exchanges. The earlier update flagged similar distribution risk and still pointed to exchange reserves staying very high, which can cap upside attempts.
On-chain/flow context remains weak. SHIB is still in a broader downtrend with lower highs, and the short-term rising trendline lacks volume confirmation. Rising exchange reserves also suggest more available supply may pressure rallies.
Technically, resistance is seen at $0.0000065–$0.0000067, with a higher barrier near $0.0000075 around a moving-average cluster. Support at $0.0000055–$0.0000057 has been tested repeatedly and looks vulnerable.
For traders, the takeaway is clear: SHIB exchange inflows can keep price capped near resistance or trigger renewed downside/consolidation unless SHIB absorbs incoming supply and reclaims the key levels.
Bearish
Both articles converge on the same driver: SHIB exchange inflows jumped sharply (+160B+ SHIB/24h), which historically aligns with distribution rather than accumulation. With exchange reserves also elevated, available supply on the market can increase, making rallies harder to sustain.
In the short term, technical structure remains bearish. The rebound is not confirmed by volume, and the broader downtrend (lower highs) is intact. If SHIB fails to reclaim nearby resistance ($0.0000065–$0.0000067, then $0.0000075), traders should expect price to stay capped or drift lower toward the $0.0000055–$0.0000057 zone.
Longer-term, a durable turn would likely require sustained exchange outflows (supply moving off exchanges), plus a clean breakout above the moving-average cluster resistance. Until then, the market setup favors continuation of selling/distribution behavior over accumulation.