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The recovery momentum of Shiba Inu coins weakens, and the outflow trend of 522 billion SHIB has reve

2026-08-09 00:39:52
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Summary

The net outflow of the Shiba Inu Exchange has plunged by 522 billion SHIBs in the past 24 hours, significantly weakening the accumulated signals that had supported its recent attempt to rebound. Currently, SHIB is still below the main moving average, making it difficult for buyers to break through the key $0.0000500 resistance level and rebuild their bullish momentum. Support levels near US$0.0000445 remain critical and if they fall, it may expose the US$0.0000410 area and further weaken the recovery structure being formed by SHIB.

The rebound momentum has weakened, and exchange traffic has reversed pressure.

Shiba Inu is losing its rebound momentum, and the net outflow from the exchange has decreased by 522 billion SHIBs in the past 24 hours. This reversal suggests a weakening of accumulation signals and difficulty for the token to establish a more solid support above its near-term trading range. On-chain data showed that the net outflow of exchanges was strong in the early part of the previous week, which supported the market's expectations for continued accumulation. However, this positive signal has subsided significantly as buying activity again encounters resistance as it approaches key technical resistance levels.

SHIB approached its 50-day moving average during the rebound, but encountered enough selling pressure to fail to achieve meaningful further gains. As a result, the token forms another lower high, strengthening the broader bearish structure that dominates its price performance in 2026. At the same time, SHIB has retreated to around $0.0000460 as trading activity recedes from highs during the previous rally. Buyers also failed to close above the 50-day moving average in a row, effectively weakening the technical case for a breakthrough attempt.

As a result, the $0.0000500 area remains an important resistance level that buyers must regain to form stronger bullish momentum. Until then, sellers maintained considerable influence near resistance levels, while SHIB remained vulnerable to additional pressure near support levels.

The reversal of exchange traffic has put additional pressure on key support levels

Exchange net outflows have decreased by 522 billion SHIBs, eliminating an important signal that has previously strengthened confidence in recovery. Strong net outflows from exchanges often indicate that holders are withdrawing tokens from trading platforms, potentially reducing assets that can be sold immediately. Conversely, a weaker net outflow could mean that accumulation has slowed significantly and more holders are still willing to keep tokens on exchanges. This development is particularly important because the SHIB is still below its 50-day, 100-day and 200-day moving averages.

In addition, the 20-day moving average has begun to flatten, as the upward momentum generated during the previous rebound has gradually weakened. After briefly entering the bullish zone, the relative strength index has also fallen back to near the neutral 50 zone. These technological developments suggest it is difficult for buyers to maintain enough pressure to turn a rebound into a sustained trend reversal. In addition, sellers repeatedly held resistance levels, preventing SHIB from building a stronger price structure to drive another meaningful rise.

Immediate support remains around $0.0000445, where the 20-day moving average coincides with the previous consolidation area. A break below this area could expose recent local lows of $0.0000410 and weaken the structure of the recently formed recovery. However, regaining US$0.0000500 and establishing the region as support will improve SHIB's prospects for rebuilding stronger upward momentum. Prior to this, weak exchange traffic and repeated resistance losses suggested that the latest attempt at a rally was still under considerable pressure.

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