Shiba Inu Outflows Signal Accumulation and Rebound Potential
Shiba Inu exchange flows have turned sharply negative, with 24-hour net outflows of 147.7 trillion SHIB and inflows down 62%, reducing on-exchange reserves to around 82 trillion tokens and marking a 5% drop on major platforms over the past month. This indicates significant accumulation and lower selling pressure. Shiba Inu is consolidating near the $0.0000090–$0.0000095 support zone, with an RSI at 40 suggesting neutral-to-bullish momentum. Trading volume remains muted as holders move tokens off exchanges. Key resistance levels for Shiba Inu lie at $0.0000105 (100-day MA) and $0.000012 (200-day MA); breaching these could trigger a sustained rally. Conversely, failure to defend $0.0000085 risks a decline toward $0.0000075. Historical precedents show similar outflows preceded 10–20% price gains within weeks. Traders should monitor on-chain metrics, exchange flows, and liquidity trends to identify entry points. Overall, the shift from distribution to accumulation could set the stage for a short-term rebound and longer-term bullish momentum in SHIB.
Bullish
The significant net outflows of SHIB from exchanges signal reduced supply available for sale, decreasing downward pressure and pointing to growing holder accumulation. On-chain indicators and subdued trading volume suggest stronger conviction among investors, while technical metrics—such as consolidation at key support around $0.0000090–$0.0000095 and a neutral-to-bullish RSI—support the possibility of a rebound. If SHIB breaches resistance levels at $0.0000105 and $0.000012, it could trigger a sustained rally; conversely, failing to hold lower supports would warrant reassessment of downside risks. Historically, similar accumulation phases have preceded 10–20% price gains within weeks, underpinning the bullish outlook. Therefore, both short-term traders and longer-term holders may view current market dynamics as favorable for entry, reinforcing a bullish impact on SHIB’s price.