Shiba Inu, one of the most actively traded meme tokens, is currently priced at $0.00000510. The token recovered from a daily low of $0.00000493 but remains just above a critical price threshold, while exchange data indicates increasing supply on trading platforms.
Exchange reserves and market pressure
Total SHIB reserves held on exchanges climbed to 87.2364 trillion tokens, up by 0.06% over the last 24 hours. This pool is now valued at approximately $441.4 million, reflecting a 0.86% increase. Data shows a net inflow of 53.8 billion SHIB to exchanges in the same period, with inflows totaling 256.4 billion SHIB and outflows at 202.6 billion SHIB—representing a 3.69% day-over-day rise in net inflow.
| Metric | Value | 24h Change |
|---|---|---|
| SHIB exchange reserves | 87.2364T | +0.06% |
| Net inflow | 53.8B SHIB | +3.69% |
| Reserve value | $441.4M | +0.86% |
Large net inflows of coins to exchanges can signal a possible increase in selling pressure. When tokens are held on trading platforms, holders have the option to sell quickly, especially if the price stalls below resistance levels. At the moment, SHIB finds resistance near multiple moving averages, and the rise in supply on exchanges adds an extra layer of caution for market participants.
Recent data shows a net inflow of 53.8 billion SHIB onto exchanges, raising supply there to 87.2 trillion tokens and potentially increasing short-term selling pressure as Shiba Inu’s price hovers near critical resistance.
Network metrics and technical outlook
Despite the cautious sentiment, SHIB’s underlying network activity remains stable. There were 4,634 transactions recorded, marking a 0.98% increase, and active addresses grew by around 1%. These gains suggest regular use of the network, though they stop short of indicating significant new demand.
During the last seven days, Shiba Inu saw a total of 1.88 million SHIB burned. A single sharp spike in the burn rate was visible, but the overall burned supply did not meaningfully impact the vast circulating supply.
Mini dictionary: Burned supply refers to the process of permanently removing tokens from circulation, reducing the total supply and potentially impacting token value if burns are significant relative to total circulating supply. Most burns are small and do not affect price unless conducted on a large scale.
Technical indicators show Shiba Inu remains under several key resistance levels. The 100-day moving average sits near $0.00000525, and the 200-day moving average is close to $0.00000558, collectively forming a barrier above the current market price. The Relative Strength Index (RSI) stands between 40 and 45, pointing to weak momentum that is neither oversold nor strongly trending upward. In addition, a recent decline in trading volume highlights a lack of robust buying support behind the recent price bounce.
Key support and resistance levels
On the downside, technical support is located between $0.00000480 and $0.00000493. This range has held firm in recent sessions. Should SHIB fall below this zone, the price could revisit the $0.00000450 level, which previously served as support in August.
For bulls to regain control, the price needs to close above the 100-day average at $0.00000525. Sustained inflows to exchanges while SHIB remains under this resistance may increase the chance of a pullback. Conversely, stronger outflows paired with a move above key moving averages would strengthen the case for further recovery.
If Shiba Inu maintains a daily close above $0.00000525 and exchange outflows rise, the recovery may gain momentum, but persistent net inflows and weak volumes suggest ongoing caution for now.
