Shiba Inu (SHIB) has recorded a significant increase in deposits on exchanges, with an average inflow exceeding 800 million SHIB. According to the latest data, the average inflow is approximately 818.3 million SHIB, which is 0.97% higher compared to the previous period. This figure indicates that the average transaction sending SHIB to exchanges has nearly reached 835 million SHIB, surpassing the key mark of 800 million tokens.
At the same time, total inflows to exchanges amounted to 287.59 billion SHIB, significantly exceeding outflows of 174.88 billion SHIB. The difference of 112.71 billion SHIB leaves a positive net exchange flow. A positive net flow indicates that more tokens are being deposited into exchange wallets than withdrawn. Although this does not guarantee immediate token sales, it adds liquidity to the markets, which may increase selling pressure. However, it is worth noting that the ten largest inflow transactions accounted for 5.67 billion SHIB, while the ten largest outflows totaled only 1.95 billion SHIB.
Despite the recent increase, the 7-day moving average of average inflows has decreased by 36.54%, indicating that the overall trend of inflows is still significantly weaker compared to previous peaks. Thus, Shiba Inu continues to trade at levels exceeding the short-term range of $0.00000500 to $0.00000520, currently standing at $0.00000537. Nevertheless, the lack of momentum in attempts to break through the $0.00000550 level and persistent resistance in the range of $0.00000560 to $0.00000570 remain relevant issues. To improve its long-term technical structure, Shiba Inu needs to overcome these barriers and reach new resistance levels in the range of $0.00000590 to $0.00000620.
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