261 Billion SHIB Netflow Stalls Price Recovery: Shiba Inu Risks Losing $0.000005
Covered by 2 sources · 2 articles
Shiba Inu's recent price momentum has stalled as large volumes of tokens entered exchanges, signaling renewed selling pressure. Over 261 billion SHIB moved onto trading platforms within a 24-hour window, a pattern typically associated with holders preparing to sell. The token was trading near $0.0000052 at the time, approaching a key support level below $0.000005.
The influx suggests profit-taking behavior after a prior rally, with investors offloading positions rather than accumulating. This exchange inflow dynamic marks a reversal from the buying momentum that had driven the earlier price recovery.
- Large token deposits to exchanges often precede price declines; 261 billion SHIB netflow in 24 hours indicates potential seller dominance.
- Support at $0.000005 is under threat as profit-taking accelerates, reversing the prior uptrend.
- Exchange netflow remains a key on-chain signal for retail and whale behavior in SHIB's price action.
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Shiba Inu exchange netflow rises, price nears $0.000005 support
🚨 $SHIB faces rising sell pressure as tokens flow onto exchanges. 📉 Over 261 billion SHIB moved into trading platforms in 24 hours. ⚠️ Shiba Inu trades near $0.0000052 and risks dropping below $0.000005 support. 🔍 CryptoQuant data highli…
261 Billion SHIB Netflow Stalls Price Recovery: Shiba Inu Risks Losing $0.000005
Shiba Inu has slowed down on its recent price rally as selling pressure appears to be mounting again, suggesting that investors may be taking profits.