Shiba Inu recorded a net outflow of 2.31 billion SHIB from exchanges over the past 24 hours, a swing that on-chain trackers are reading as a sign of reduced selling pressure rather than fresh accumulation. Total exchange reserves held largely steady at 86.99 trillion SHIB, suggesting the outflow reflects a slowdown in deposits more than a wave of coins leaving for cold storage.
SHIB was last trading around $0.00000465, sitting below its 200-day moving average resistance near $0.00000598 after an earlier attempt to break through the $0.000005 zone stalled and triggered profit-taking.
Outflows are easing, not surging
Rather than a dramatic rush out of exchanges, the data points to a cooling in activity on both sides of the ledger: seven-day average outflows fell 16.6%, while inflows to exchanges ticked up just 0.65%. Active receiving addresses rose 0.86% and overall active addresses increased 0.81%, modest gains that suggest steady, low-intensity participation rather than a burst of new demand.
Momentum has cooled, not broken down
SHIB's relative strength index sits in the mid-50s, a neutral reading that indicates the token's recent rally has lost steam without tipping into bearish territory. The 50-day and 100-day moving averages have flipped into support roles beneath current price levels after months of acting as resistance, a shift that typically accompanies a stabilizing, range-bound market rather than a trending one.
A consolidation phase, by the numbers
Taken together, the flow and momentum data describe what analysts characterize as consolidation rather than aggressive accumulation or heavy distribution. SHIB's retreat from the $0.000005 resistance zone to its moving-average support levels, paired with the slowing exchange outflows, suggests traders are pausing to digest the recent rally rather than positioning aggressively in either direction.
