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Shiba Inu faced new pressure after about 152 billion SHIB moved into exchanges over the past day. On-chain flows often signal sell risk when tokens shift into liquid venues. At the same time, SHIB traded in a bearish structure as moving averages declined. Traders now track a young rising trendline that buyers formed during a recent bounce.
On-chain data showed about 152 billion SHIB entered trading platforms in the past 24 hours. Large inflows often appear when holders move tokens from storage into liquid markets.
Netflow stayed positive as exchange reserves climbed. Those readings suggest more SHIB sits on venues where traders can sell quickly.
This added liquidity can weigh on upside attempts. It can also limit early rallies in markets where sentiment swings fast.
The price chart showed a fragile balance for SHIB. Declining moving averages and repeated recovery failures kept the broader structure bearish.
A recent crypto market bounce formed a short-term rising trendline. Buyers appeared to test a local base, yet the pattern remains early and vulnerable. SHIB still traded below key resistance levels. Bulls acted against the prevailing trend rather than alongside it.
The main question now is simple: Will the new rising trendline hold long enough for SHIB to form higher lows? If price moves sideways and breaks under that support, SHIB could return to a low-volatility grind. Past low-volatility phases have reduced speculative demand for the token.
A recent Binance report said Shiba Inu became the most talked-about cryptocurrency in the market. The report added that SHIB briefly outpaced Dogecoin in fame as investors crowded into it.
Between 2020 and October 2021, SHIB delivered returns of about 85,000,000%. Watcher Guru also reported stories of investors turning into millionaires during that run.
After that surge, SHIB fell into a long decline in 2023 and did not regain prior highs. It moved from trading with four zeroes to five, extending losses for many holders.
The meme coin market also became more crowded. Tokens such as Bonk and Pepe captured a larger share of attention and market value.
The text also tied SHIB’s outlook to ecosystem performance. It said Shibarium aimed to burn one trillion SHIB, yet burned about one billion.
It also said SHIB: The Metaverse lost relevance, while other launches saw weak community acceptance. The text cited a 589 trillion token circulation as a key growth constraint.
Finally, the text described SHIB as a high-risk, high-reward token. It also said a 2021-style comeback looks impossible under current conditions.
Also Read: Shiba Inu News Today: SHIB Teases New AI Product as Price Targets 400% Upside
Shiba Inu saw about 152 billion SHIB move into exchanges as exchange reserves rose and netflow stayed positive. The chart still leans bearish, yet a new support trendline is forming. Traders now watch volume and continued exchange inflows to judge whether SHIB can stabilize. Use strict risk control.
