Shiba Inu is trading near $0.00000516, while exchange data shows a notable shift in token supply. The total SHIB held on exchanges has climbed to approximately 87.16 trillion tokens, an increase of 0.08% over the past day, with the seven-day trend showing a sharp bounce at the end of the period.
Inflow data reinforces the move: total inflow reached 344.17 billion SHIB, up 2.36%, while total outflow stood at 268.47 billion SHIB, up 1.78%. That leaves a positive netflow of about 72.56 billion SHIB, meaning more coins are entering exchanges than leaving them. The average inflow per transaction also spiked, suggesting that large holders, not just small traders, are moving coins onto platforms.
In dollar terms, the exchange reserve is approximately $449.76 million, up 4.12% in a day. Part of that increase reflects the modest price bounce, but it also indicates that the supply on exchanges is not shrinking.
Technically, SHIB has been under pressure since falling from the $0.00000620 area in September to a low near $0.00000480 in October. Price is currently just below the 50-day and 100-day EMAs, which sit around $0.00000525 to $0.00000535, while the 200-day EMA near $0.00000560 has acted as a ceiling for months. The RSI is near 45, pointing to weak momentum, and volume remains low.
The outlook leans cautious. If exchange holdings are sold, SHIB could lose the $0.00000500 level and retest $0.00000480, with a break opening the way toward $0.00000450. If buyers step in and price closes above $0.00000535, the next challenge would be the 200-day EMA at $0.00000560, where a clean move would be needed to change the longer-term trend.
