Shiba Inu faced a significant inflow of tokens to cryptocurrency exchanges over the past 24 hours. According to network activity analysis, approximately 468 billion SHIB flowed onto exchanges, with the average inflow size increasing by 0.48% to 1.15 billion SHIB, and total inflows rising 0.65% to approximately 268.14 billion SHIB. Despite the active inflow, the token price declined by approximately 2% and is now trading near the $0.00000515 mark. Against this backdrop, Shiba Inu broke through the short-term ascending trendline that had been supporting the recovery from the August low.
However, exchange flow data requires careful interpretation. Token inflows to exchanges indicate the possibility of selling but do not guarantee it will materialize. Outflows remain significant: the seven-day moving average of outflows rose 62.69% to approximately 734.49 million SHIB, while total outflows increased 1.77% to approximately 438.71 billion SHIB. Exchange reserves declined 0.2% to 87.23 trillion SHIB. The net flow remains negative at approximately -170.57 billion SHIB, meaning that despite rising inflows, more tokens are leaving exchanges than entering. This is a contradictory signal that does not yet point to net distribution of assets.
Technical analysis points to pressure on bulls. The Relative Strength Index (RSI) fell to approximately 49.7, returning to the neutral zone and below its signal average. The price is now testing the 20-day moving average near $0.00000517. Key support levels are located at the 50-day average ($0.00000494) and the 100-day average ($0.00000504). Restoring the short-term bullish structure will require breaking through the $0.00000540–$0.00000550 range, while serious resistance remains at the 200-day average near $0.00000566. At this point, the key question is whether moving average support will hold ahead of a potentially deeper pullback following the loss of the ascending trendline.