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Following
SHIB More than 500 billion SHIBs have flowed out of the exchange, and the giant whale's holdings have strong momentum.
The price of SHIB remains above the key moving average and is approaching important resistance levels. Buyer power near the 100-day exponential moving average will determine the outcome of the next breakthrough attempt.
After a large number of tokens were withdrawn from the exchange, Shiba Inu Coin regained the focus of the market. More than 500 billion SHIBs were transferred in a single day, triggering new discussions on the direction of the market. Large holders continue to make bold moves, while buyers defend recent gains. At the same time, technical indicators remain bullish despite the increase in exchange reserves. The next few trading days will reveal whether this cumulative trend continues or whether selling pressure starts to rise.
Giant whale activity hints at increased market confidence
Recent on-chain data paints a complex but encouraging picture for Shiba Inu. In the past 24 hours, exchanges have entered more than 603 billion SHIBs, but nearly 406 billion SHIBs have also left the trading platform. This activity resulted in net exchange traffic of approximately 197 billion SHIBs in positive inflows. Large investors have remained active throughout this process, and the average withdrawal size has increased, indicating that the giant whales are shifting large positions into private wallets.
Such shifts often signal a longer-term investment perspective rather than an immediate sell-off. Many investors tend to opt for self-custody in anticipation of future price strength. An increase in exchange reserves often raises concerns because it means more tokens are available for trading. If demand weakens, greater available supply could exacerbate selling pressures. However, the continued withdrawal of giant whales paints a different picture.
Current market activity reflects both accumulation and trading behavior rather than widespread selling. This balance allows traders to keep a close eye on the next decisive move. Price movements also support this cautious optimism. SHIB is currently trading close to $0.0000500 after a strong rebound from July lows. Buyers have successfully defended recent gains despite growing market uncertainty.
Can SHIB break through the next resistance?
Technical indicators continue to favor buyers. SHIB prices remain above the 26th and 50th index moving averages, and these levels continue to serve as important support during the current consolidation phase. The next challenge lies near the 100-day exponential moving average, where previous attempts to rebound have failed. The relative strength index remained above 60, indicating that buyers are still controlling short-term momentum but have not yet entered overbought territory.
Recent price gains have also been accompanied by one of the strongest trading volume peaks in months. Higher trading volumes usually increase the credibility of breakthroughs. On-chain activity also showed a moderate improvement, with a slight increase in the number of active sending and receiving addresses. The increase in online participation suggests that recent momentum has surpassed speculative futures trading, and spot demand appears to be supporting the latest recovery. The next step depends on the strength of the buyer.
Continued demand may absorb additional supply entering the exchange. Successfully breaking the 100-day moving average will significantly improve the bullish outlook. Failure to break through this resistance level may trigger another round of consolidation. For long-term holders, the withdrawal of giant whales is still an encouraging sign. But rising exchange balances still need to be watched closely as selling pressure could quickly return.
