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Shiba Inu exchange outflows soared 62%, tokens held on key support levels

2026-07-31 00:40:20
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Shiba Inu exchange outflows surged, and tokens stayed at key support levels.

Shiba Inu's exchange outflows increased significantly, with its seven-day moving average soaring by nearly 62% in a short period of time. The trend comes as SHIB attempts to stabilize after experiencing one of the most dramatic trading swings this month. The surge in outflows suggests that more and more investors are moving tokens from centralized exchanges to self-managed wallets.

On-chain data shows changes in supply

The latest on-chain data shows that exchange outflows (seven-day moving average) climbed to approximately 630.8 billion SHIBs, a daily increase of 5.9%, a 62% acceleration from previous hours. Higher outflows are often seen as a signal that selling pressure may ease, as tokens transferred to private wallets are often held rather than sold in the short term.

At the same time, the total reserves of the exchange rose slightly to approximately 87 trillion SHIBs, and the net inflow of the exchange also increased slightly. The number of active and received addresses has improved, indicating that SHIB network activity has not weakened after recent price fluctuations, but has remained strong.

Price trend highlights divergence in market sentiment

The price trend of SHIB reflects the complexity of current investor sentiment. The token had an explosive breakthrough, once approaching the 200-day moving average, but then quickly pulled back, most of the gains were erased, and traders quickly locked in profits. This is particularly evident on the daily chart, where a prominent upper shadow line highlights the speed of selling after the rebound.

Data display:

Exchange outflow (seven-day moving average): 630.8 billion SHIBs, short-term change +62%
SHIB price: US$0.0000462, remaining above the 50-day and 100-day moving averages
Exchange reserves: 87 trillion SHIBs, a slight increase

Currently, the SHIB trading price is approximately US$0.0000462, remaining above the 50-day and 100-day moving averages. These moving averages, which previously served as resistance levels, have now turned into support levels after months of price declines. The 200-day moving average (approximately US$0.0000500) is still an important resistance level that the Shiba Inu currency bulls have not yet broken through.

Analysis of kinetic energy and technical indicators

After the recent rebound, the kinetic energy indicator has also been readjusted. The Relative Strength Index (RSI), which briefly hit overbought territory, has now fallen back to near a neutral reading of 50, reducing the immediate risk of technical exhaustion and creating room for buyers to move further once they return to the market.

The question for analysts is whether growing exchange outflows indicate true long-term hoarding, or is simply a short-term position correction following high volatility. If SHIB outflows continue to rise and exchange reserves start to fall, then this will bring a more optimistic outlook for the token by reducing the available sell-off supply.

Shiba Inu Coin is still able to hold key short-term support levels after a sharp correction, coupled with the continued flow of tokens to private wallets, these factors may lay the foundation for another challenge to the 200-day moving average in the next few trading days after bullish sentiment improves. If these patterns persist and are supported by moving averages, Shiba Inu is expected to try again to test significant resistance levels in the near future.

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