Shiba Inu has experienced remarkable volatility in trading volumes over the past few days, with blockchain data revealing a sharp decline in net exchange flows. Over the last 24 hours alone, approximately 164 billion SHIB tokens have left centralized exchanges, meaning more tokens are flowing out than in—a sign closely watched by market observers.
Drop in net exchange flows
Net exchange flow measures the number of tokens entering and leaving trading platforms and provides insights into investor sentiment. A negative net flow typically indicates that investors are withdrawing assets from exchanges to personal wallets and that selling pressure may be easing. Recent data highlights a notable stabilization in exchange flows following significant activity seen in previous weeks.
While Shiba Inu has recorded an outflow of nearly 164 billion tokens from exchanges in the last 24 hours, it is stressed that a single day’s data does not necessarily reflect a full trend reversal.
In parallel, the total exchange reserves have dropped by 0.19% over the day. Despite this, both the number of active addresses and transfer volumes have seen small increases, indicating continued network participation even if price performance remains subdued.
Latest technical analysis update
On the daily chart, SHIB has maintained a predominantly downward trend pattern since March. The token has consistently failed to break above both the 20-day and 50-day moving averages, continuing to trade below these key levels.
Currently, SHIB is testing a crucial support area at $0.0000055. Technical indicators are yet to demonstrate a clear recovery, while momentum oscillators are approaching oversold territory. Historically, similar conditions have led to short-lived rallies, but without sustained buying activity, these movements have lacked lasting impact.
Quick glossary: Net flow refers to the difference between the total tokens entering and leaving exchanges in a given period. A negative net flow indicates more tokens are withdrawn, often interpreted as a reduction in selling pressure.
Key indicators for investors
Analysts emphasize the importance of monitoring exchange net flows over several sessions to determine whether the recent downward trend will persist. If exchange reserves continue to fall while the number of active addresses remains steady or increases, the market may be building a stronger foundation for recovery.
Moreover, if the price holds at current support levels and reclaims key resistance points, renewed buying interest could drive a more sustained rebound in Shiba Inu.
| Indicator | Last 24 hours |
|---|---|
| Exchange net flow | -164 billion tokens |
| Change in exchange reserves | 0.19% decrease |
| Price range | Testing $0.0000055 support |
