Shiba Inu Experiences 200 Billion Token Withdrawal During Price Challenges
Whale Accumulation: Shiba Inu (SHIB) experienced a significant outflow of 200.6 billion tokens from exchanges, indicating strong accumulation by large holders despite a weak price trend.
Exchange Reserves and Market Activity: Exchange reserves dropped by 25%, with a notable increase in active addresses by 11%, suggesting growing user engagement and a potential long-term accumulation phase.
Price Pressure and Technical Indicators: SHIB's price fell to around $0.00001207, testing critical support levels, while trading below key moving averages indicates ongoing pressure and the possibility of further declines.
Future Volatility Potential: The reduction in liquidity from exchange outflows may lead to increased volatility, with a potential for a price rebound if buying pressure strengthens amidst the current mixed market sentiment.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000307 | 0.00000407 | 0.00000524 | 0.00000624 | 0.00000741 | 0.00000841 | 0.00000958 |
| Fibonacci | 0.00000407 | 0.0000049 | 0.00000541 | 0.00000624 | 0.00000707 | 0.00000758 | 0.00000841 |
About SHIB
About the author







