-61% Bullish Shiba Inu (SHIB) Metric Plummets in Last 24 Hours

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu outflows get thinner Another sign of a divergence Advertisement Despite ongoing price chart weakness, Shiba Inu shows a shift in on-chain activity. Exchange outflow pressure, one of SHIB’s historically important metrics, has drastically decreased over the last 24 hours, possibly signaling reduced movement of funds away from exchanges. Shiba Inu outflows get thinner The average exchange outflow decreased by more than 21% over the previous day, according to the most recent on-chain data, and after weeks of high activity, broader outflow-related metrics also began to stabilize. Practically speaking, fewer SHIB tokens are being withdrawn from exchanges. That change may indicate that traders and larger holders are becoming less aggressive in repositioning assets during the current period of uncertainty. SHIB/USDT Chart by TradingView The significant decrease in exchange-related transaction pressure after a protracted bearish period is the metric garnering the most attention. Exchange reserves are still comparatively stable at 80.8 trillion SHIB, but outflow acceleration has significantly decreased in comparison to earlier phases. HOT Stories Bitcoin (BTC), Hyperliquid (HYPE), Zcash (ZEC), Dogecoin (DOGE) and Ethereum (ETH) Price Analysis for May 23: Fundamental Shift in Investors' Sentiment Fidelity: Bitcoin in Early Bull Market Strong outflow spikes and sharp price swings have historically been associated because traders often move tokens off exchanges during periods of heightened volatility or strategic repositioning. When those flows slow down, it usually signals reduced urgency among market participants rather than a clear bullish reversal. Advertisement However, SHIB is still in a challenging situation technically. The asset, which had been building since March, recently collapsed from an ascending wedge structure. The 200-day moving average is still sloping lower above the current price action, while the price is currently trading below the important short- and medium-term moving averages. As a result, even though on-chain behavior is stabilizing, the overall trend remains negative. You Might Also Like Thu, 05/21/2026 - 00:01 Zcash (ZEC), Hyperliquid (HYPE), Dogecoin (DOGE), Shiba Inu (SHIB) and Bitcoin (BTC) Price Analysis for May 21: Alt Season Signals Grow By Arman Shirinyan Subtle indications of stabilization are still showing up. Even after the wedge breakdown caused more selling pressure, SHIB was still able to maintain its position above the local support zone close to the $0.00000550 area. Additionally, volume has begun to cool during the most recent decline phase, indicating that sellers may be losing steam rather than speeding up the dump even more. Advertisement Another sign of a divergence A weak technical structure combined with slowing exchange-flow dynamics results in an unusual setup. This divergence frequently occurs during periods when large holders reduce transfer activity prior to broader sentiment changes. The market may try another recovery push toward the $0.00000630-$0.00000650 resistance region if exchange outflows continue to decline over the next few days while SHIB stabilizes above support. Short-term traders would probably have to return to momentum positioning if there was a breakout above that area. However, SHIB is still susceptible if the overall weakness in the cryptocurrency market worsens because meme assets usually perform poorly in risk-off situations. As of right now, the declining exchange activity remains one of the more closely watched signals for the asset. #Shiba Inu #Shiba Inu (SHIB) News