As Shiba Inu searches for price stability in recent days, on-chain data indicates a significant increase in repositioning activity on centralized exchanges. Over the past 24 hours alone, a remarkable 427.9 billion SHIB tokens were transferred to exchanges, while 285.7 billion SHIB moved out. This imbalance suggests that market conditions are leaning toward increased selling pressure.
Exchange flows intensify
Last year, Shiba Inu’s price mostly trended downward, often trading below key long-term moving averages and major resistance levels. In the past few days, however, SHIB has attempted to reclaim the 50-day moving average, charting moderate gains with increasingly higher lows. Despite this, the token still fell short of breaking clearly above the 100-day moving average.
The rising volume of transactions on exchanges has become more significant than price movements themselves. Recent data shows that exchange reserves have grown by around 0.17 percent, indicating that a larger portion of the total SHIB supply is now being held on centralized platforms. Historically, this trend is often linked with heightened market activity and the potential for increased short-term price volatility.
With a 0.17 percent rise in exchange inflows recently and a total of 427.9 billion SHIB entering exchanges, experts are evaluating that this uptick could drive volatility higher.
Large holders adjusting strategies
Looking at a seven-day average, SHIB inflows to exchanges have dropped by 15 percent, and average outflows have plummeted by more than 62 percent. This suggests that large SHIB holders are making fewer aggressive moves than before and may be choosing to manage their positions more patiently at current price levels.
Despite this shift, the overall volume of SHIB transferred into exchanges still surpasses the volume withdrawn. Notably, the 427.9 billion SHIB inflow within a single day has sparked speculation that the asset could face heavy selling pressure in the days ahead.
According to analysts, under these conditions, investors should brace for the likelihood of heightened volatility in the short term.
Technical levels capped by resistance
Currently, Shiba Inu’s price remains below its 200-day moving average, which is seen as a strong medium and long-term resistance. Analysts underscore that establishing a new uptrend will be difficult unless SHIB decisively surges above this critical level.
While chart patterns hint at some recovery, breaking out of the current price range will require significant positive momentum across the broader market. Otherwise, the growing accumulation of SHIB on exchanges could trigger a rapid wave of sell-offs if negative developments emerge.
In summary, significant activity on exchanges is dominating the Shiba Inu narrative. Yet in the short term, overcoming critical resistance levels will remain the primary focus for investors tracking this asset.
