277 Billion Shiba Inu (SHIB) Added: No, It’s Not Bearish Yet

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277 billion Shiba Inu tokens were transferred to trading platforms according to market data. This significant inflow does not constitute a bearish signal in the current technical setup, with the price holding around $0.00000570. SHIB is trading above several important short- and medium-term moving averages, with the RSI in neutral-to-moderately bullish territory. The $0.00000560 level represents the key technical point to monitor: a breakdown would target the $0.00000540 and $0.00000520 areas, while holding above maintains the bullish scenario. Exchange inflows represent potential selling pressure, not confirmed selling, with bearish interpretation requiring a support breakdown to materialize.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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