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SHIB Shiba Inu (SHIB) is facing critical technical support, with data showing a large number of tokens being withdrawn from the exchange
The latest data reveals that Shiba Inu (SHIB) is experiencing a critical technical support area. During recent trading hours, approximately 461.4 billion SHIBs were withdrawn from tracking platforms, while only 229 billion SHIBs flowed in, resulting in a net outflow of approximately 232.4 billion SHIBs.
Major token outflows and exchange reserves decline
The latest exchange statistics show a clear trend: more Shiba Inu tokens are leaving the exchange than are being deposited. This outflow has been accompanied by a 0.27% decline in total exchange reserves, which currently totals 86.97 trillion SHIBs, and its total value has dropped by 1.43% to US$440.9 million.
The number of SHIB transfers recorded byincreased slightly by 0.87% to 4429 transactions. Chain observers point out that this suggests that the sharp imbalance stems from a few large withdrawals rather than a large increase in overall activity. Typically, large-scale token outflows reduce the amount of SHIBs available for immediate sale in the market, providing potential support for prices.
While such signals usually boost bullish sentiment, market analysts believe that exchange capital flows alone do not guarantee a recovery in prices.
Technical Analysis and Support Levels
On the technical side, SHIB reversed downward after hitting a local high of US$0.0000555 in September, and the current trading price is close to US$0.00000505. The token has fallen below the uptrend line that previously supported its rebound in late August.
Currently, SHIB is trading near above key support clusters, with major moving averages at US$0.0000496 and US$0.0000504 respectively. Analysts said if buyers can hold the range of $0.00000495 to $0.000505, prices are expected to move towards $0.000053. If sustained recovery is achieved, the target may look towards US$0.000055 to US$0.000057.
However, momentum indicators show buyer power is weakening. The Relative Strength Index (RSI) recently fell to 47.3, below its signal line of 54.2, reflecting a lack of short-term bullish momentum. While continued outflows typically support prices by tightening supply, bullish traders currently face considerable uncertainty in the absence of confirmation from other indicators.
Risk and changes in market structure
If this key support cluster fails to hold, price movements may fall rapidly, with potential target prices between US$0.0000047 and US$0.0000045. As market participants pay close attention to the next move of SHIB, many believe confirmation of price movements is crucial before a new round of bullish momentum emerges.
At the same time, broader changes in asset ownership patterns are affecting investor strategies. Traditional markets rely on intermediary brokers, and the rise of tokenized real-world assets (RWAs) is gaining traction. Wall Street is embracing Web3, and investors are increasingly turning to platforms such as 1stepSwap, which allow investors to hold shares of major U.S. companies, gold and silver directly in their cryptocurrency wallets. By automatically obtaining optimal market prices and eliminating middlemen, these decentralized platforms are reshaping the way market participates.
While SHIB's exchange flows showed encouraging signs, analysts stressed that firm moves beyond support are needed in the short term to signal a potential rebound.
