About 623.3 billion SHIB moved onto exchanges over the latest 24-hour window. That sounds alarming until you look at the other side of the ledger: roughly 449.8 billion SHIB moved back out.
What’s left is a net exchange balance of only around 20 billion SHIB. For a token with reserves this large, that’s a rounding error. And it’s showing up just as the price is recovering, with Shiba Inu trading near $0.00000592.
Gross flows look scary. Net flows don’t.
This is where a lot of SHIB commentary goes wrong. Headline inflow numbers get passed around without the outflows, and a busy day starts to look like a dump in progress.
The fuller picture is less dramatic. Exchange reserves sit near 87.83 trillion SHIB and have changed by only 0.2% over 24 hours. Traders are moving plenty of tokens around, but SHIB isn’t piling up on trading platforms in any meaningful way.
That matters because coins sitting on exchanges are generally treated as possible near-term sell pressure. When the supply that’s ready to sell barely grows while the price goes up, that’s a better setup than the reverse.
The chart has been quietly improving since July
SHIB bottomed around $0.0000041 in July. Since then it has put in a run of higher lows and eventually pushed through $0.0000055.
The latest leg briefly carried the token above $0.0000062 before volatility came back. A clean breakout it wasn’t. But the structure is stronger than it was over the summer.
The more important detail is where SHIB is trading now: above the major long-term moving average around $0.0000056 to $0.0000057. That zone used to act as resistance. Now it’s the level the recovery has to hold.
Room to run, with a ceiling close by
Momentum looks constructive without looking spent. The daily RSI sits around the low-60 region, which keeps SHIB below conventional overbought territory.
Immediate resistance sits around $0.0000060 to $0.0000063. A break there could reopen the path toward the May trading area around $0.0000065 to $0.0000067.
What could break the setup
Don’t read the flow data as bullish confirmation. Netflow is still positive, so this isn’t outright accumulation. More SHIB went onto exchanges than came off.
The main risk is a fresh wave of exchange deposits. Measured against SHIB’s circulating supply and its exchange reserves, though, the latest net movement is limited.
So here’s what to watch. If exchange balances stay roughly where they are, the price structure may remain the more important signal, and the level that counts is the $0.0000056 to $0.0000057 moving average. If reserves start expanding sharply, stop focusing on the chart and look at the flows first.
