Shiba Inu is trading near $0.00000503, but on-chain data suggests only a small number of holders are moving tokens off exchanges. The latest reading shows just 538 withdrawal transactions, a notably low figure for such a large community.
While withdrawals outnumber deposits by transaction count, the actual volumes tell a more bearish story. Exchange inflow stands at 247.06 billion SHIB, while outflow is only 183.58 billion SHIB, leaving a net inflow of 63.49 billion SHIB. More coins are entering exchanges than leaving, meaning tokens remain available for potential selling.
The exchange reserve has grown to 87.11 trillion SHIB, up 0.07% in a day, indicating that long-term holders are not moving coins to private wallets. Netflow did drop 5.42% over the last 24 hours, but it has not turned positive for buyers.
On the chart, SHIB fell from the $0.00000600 area in early October and found support near $0.00000480. Volume remains low and the RSI sits near 40, suggesting sellers still have control. Resistance levels are located near $0.00000526, $0.00000534, and $0.00000560. If buyers fail to defend $0.00000480, the price could slide toward $0.00000460.
For a stronger recovery, SHIB needs more exchange withdrawals and higher volume on green days. Until that happens, the limited number of buyers taking tokens off exchanges points to weak confidence.
