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Inflows from the Shiba Inu Exchange surge, and 160 billion SHIBs flock to trading platforms

2026-07-21 00:35:51
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Important Information

More than 160 billion SHIBs entered the exchange, with a positive net inflow, increasing tradable supply.

SHIB is close to the 50-day index moving average, while momentum indicators improve, indicating that buying interest is growing despite the bearish overall technical structure.

Long-term exchange reserves remain low, but short-term inflows have increased, putting SHIB facing more uncertainty in the short-term price direction near resistance levels.

More than 160 billion Shiba Inu tokens have been transferred to cryptocurrency exchanges, drawing attention to the short-term prospects of the token.

Exchange inflows climbed to approximately 160.8 billion SHIBs, while net exchange inflows turned positive, exceeding 18 billion SHIBs, according to CryptoQuant. These numbers indicate that during the reporting period, more tokens entered trading platforms rather than flowed out. Such activities often attract market attention because assets deposited on exchanges are readily available for trading. Therefore, traders are closely watching whether this additional supply will affect the next move of SHIB.

SHIB is trading at around US$0.000114 and is close to an important technical resistance level. After weeks of weakness, the token has stabilized near the US$0.0000110 support area. At the same time, the momentum indicator began to improve from its previous oversold condition. The Relative Strength Index has also risen above 40, indicating an increase in buying activity.

Technical resistance and rise in exchange supply

The 50-day exponential moving average is around $0.0000118, constituting the first major resistance level. In addition, the 100-day and 200-day moving averages remain above current prices, reinforcing the overall bearish trend. As a result, any upward movement could encounter new selling pressure near these levels. Traders usually focus on these areas because they often affect the direction of short-term prices.

At the same time, the rise in exchange inflows has added another variable to watch out for. Higher exchange balances make more SHIB available for potential sell-offs. Although surges in inflows do not always trigger immediate sell-offs, they often signal investors are preparing for increased trading activity. However, there is still one supporting indicator: long-term exchange reserves have maintained a downward trend despite the recent surge in inflows, suggesting that broader hoarding has not completely disappeared.

Conclusion

More than 160 billion SHIBs have been transferred to exchanges, making exchange activity a core focus of Shiba Inu's market prospects. At the same time, the token is approaching a key resistance area that could determine its next price direction. Market participants will be watching closely whether buyers absorb the extra supply or sellers regain control near the main moving average.

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