Shiba Inu (SHIB) price action is concerning, with exchange outflows (which can serve as an indicator of accumulation funds) having dropped significantly below the 1 billion token threshold, suggesting weakening buying pressure. The token continues to trade below key moving averages such as the 26-day and 50-day MAs, and combined with declining trading volume, this further reinforces a bearish structure of lower price highs. The dual effect of weak technical indicators and reduced exchange withdrawals suggests the token is more likely to continue downward rather than experience a near-term bounce.

SHIB5,69%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin