Shiba Inu Surpasses 87 Trillion Threshold

Shiba Inu (SHIB) is trading at approximately $0.00000516, while the total number of tokens on exchanges has reached about 87.16 trillion. Over the last day, this quantitative value has increased by 0.08%.

Data on token inflows and outflows also show changes in the market. The total inflow amounted to 344.17 billion SHIB, increasing by 2.36%, while the total outflow is 268.47 billion SHIB, which is 1.78% more compared to previous periods. This resulted in a net inflow of about 72.56 billion SHIB, confirming an increase in the number of tokens on trading platforms. The average inflow per transaction also rose sharply, indicating large holders rather than just small traders. In monetary terms, the reserve on exchanges is about $449.76 million, increasing by 4.12% for the day. Part of this growth gives a slight price rebound, but it also shows that the mass of coins on exchanges is not decreasing.

Charts show that SHIB decreased from around $0.00000620 in September to a low of about $0.00000480 in October. The current price is slightly below the 50-day and 100-day exponential moving averages, ranging from $0.00000525 to $0.00000535. The 200-day moving average is higher, at around $0.00000560, and has been a barrier for several months. The Relative Strength Index (RSI) is around 45, indicating weak momentum with a slight uptick. Volume is low, so the current rebound lacks strong support.

What happens next depends on the actions of token holders. If tokens on exchanges are sold, SHIB could drop below $0.00000500 and return to the low of $0.00000480. A break below this level could pave the way to $0.00000450. If tokens remain idle and buyers step up their actions, SHIB has the potential to rise. Closing the trading day above $0.00000535 could push the price above short-term moving averages. The next resistance level is $0.00000560, where the 200-day EMA is located. Only a confident move above this level could change the long-term trend. Currently, signals point to caution. Increasing reserves on exchanges, growing inflows, and weak volume indicate that sellers still control the market. Traders should watch for the day's close at $0.00000500 on one side and $0.00000535 on the other.