Shiba Inu (SHIB) Bears End 4-Day Streak of 467 Billion Exchange Outflow

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 stays suppresed Improvement is coming Advertisement It's possible that Shiba Inu's brief recovery effort is already losing steam. SHIB eventually recorded a positive daily reading of roughly 17.9 billion tokens following four days in a row of negative exchange netflows. This would typically be seen as a bullish development, since it implies that more tokens are leaving exchanges than are joining them, which lessens the pressure to sell right away. But the market's response has been remarkably lackluster, which begs the question of whether buyers are genuinely ready to take charge. Shiba Inu stays suppresed The price chart presents an alarming image. SHIB is still trading below all significant moving averages and is in a strong downtrend. The market structure was drastically altered by the recent break from the ascending channel that had sustained price action from March to May. Since then, there has been increased selling pressure on every attempt at recovery. SHIB/USDT Chart by TradingView An excellent example is the most recent action. SHIB was able to stabilize and post a slight bounce after the steep drop toward the $0.0000045 area. However, the asset has not produced any significant upside momentum in spite of the positive exchange flow reading. Instead, the 50-day and 100-day moving averages continue to serve as overhead resistance, while the price is stuck close to local lows. HOT Stories XRP Vindicated? Ripple CEO Says 'Yes' What's Next if XRP Falls Below $1? First Ethereum (ETH) Reversal Signal, Cardano (ADA) Gets Fully Reset: Crypto Market Review It is significant that exchange flows and price action are not in sync. Although on-chain data frequently offers early indicators of shifting market sentiment, it is insufficient by itself. Following multiple sessions of significant exchange outflows, including one day when more than 300 billion SHIB left trading platforms , the most recent netflow reading was positive. Market players have not yet converted this accumulation-like behavior into aggressive purchasing. Advertisement Improvement is coming In theory, bears continue to have the upper hand. Despite a slight recovery from oversold conditions, the RSI is still weak overall. Following the initial sell-off, volume has also decreased, suggesting that despite the lower prices, buyers are not jumping into positions. You Might Also Like Thu, 06/11/2026 - 06:08 XRP Vindicated? Ripple CEO Says 'Yes' By Alex Dovbnya Bulls must retake the previous support area around $0.0000052-$0.0000055 in order for SHIB to create a more compelling recovery story. That region now coincides with important moving averages and serves as resistance. Until then, the current bounce appears to be more of a stabilization than a reversal . Advertisement The good news for holders is that exchange outflows are still indicative of accumulation. Unfortunately, it hasn't been confirmed by the chart yet. For the time being, SHIB seems to be caught between a technical structure that is still very pessimistic and improving on-chain signals. #Shiba Inu #Shiba Inu (SHIB) Price Prediction