SHIB Loses Track to $0.000006 as Exchange Flow Makes Bearish U-Turn
Analysis
Price Impact
HighA significant netflow of over 25 billion shib to exchanges indicates strong selling pressure, which has directly caused the price to fall below a key target ($0.000006) and shows a bearish reversal.
Trustworthiness
HighPrice Direction
BearishThe article explicitly states that shib is trading in a downside trajectory, has failed to reach the $0.000006 target, and is now trading below $0.000005 with a price decline of over 3% in the last day.
Time Effect
ShortThe described bearish u-turn and selling pressure have occurred within the 'past day' and 'last day', indicating a recent and immediate impact on the price.
Original Article:
Article Content:
Cover image via U.Today Over 25 billion SHIB in sale mode Shiba Inu fails $0.000006 target Advertisement Just about two days after Shiba Inu saw a rapid price rally, the asset is back to trading in a downside trajectory as its exchange activity signals rising sell pressure. On Wednesday, June 17, data provided by crypto analytics platform CryptoQuant shows that the Shiba Inu exchange flow has flipped bearish again, with multi-billion SHIB tokens returned to exchanges within a day. Over 25 billion SHIB in sale mode The data has revealed a significant difference between the Shiba Inu exchange inflow and outflow, with the former being on the larger side, suggesting that traders have sold more tokens than they have bought in the past day. HOT Stories Illinois Signs 'Most Anti-Crypto Law in the US' Musk Now Bigger Than Bitcoin As such, the Shiba Inu exchange netflow is currently sitting at 25,245,300,000 SHIB as more tokens have been sent back to exchanges in several attempts to sell as momentum fades again. Advertisement You Might Also Like Tue, 06/16/2026 - 17:00 Roadmap for SHIB to Flip 15 Coins: Analyzing 'Revert to Mean' Scenario for Shiba Inu Coin By Gamza Khanzadaev With the Shiba Inu exchange flow turning bearish again, market analysts suggest that speculative traders have taken over the market in the short term, scooping profits realized from the recent market rally. Shiba Inu fails $0.000006 target During the recent market rally that saw leading crypto assets including SHIB surge by nearly 10% in their trading prices, traders had predicted that the meme token was on track to reclaim the crucial $0.000006 level. Advertisement However, Shiba Inu is suddenly back to trading on the bearish side, showing a price decline of over 3% over the last day. This sudden price drop has brought the asset back to trading below the $0.000005 level. Nonetheless, analysts have predicted that Shiba Inu could still get another shot at recovery in the near term if buyers return to the scene and the exchange flow turns bullish again. #Shiba Inu (SHIB) News #Shiba Inu (SHIB) Price Prediction