On-chain data reveals a net exchange flow of -2.31 billion SHIB over the past 24 hours, indicating that slightly more tokens are leaving exchanges than entering. Exchange reserves remain stable at approximately 86.99 trillion SHIB, while the seven-day average of outflows dropped by 16.6 percent and inflows slightly increased by 0.65 percent. The token is currently trading at $0.00000465, well above its 50-day and 100-day moving averages, with the Relative Strength Index (RSI) in the mid-50s, signaling consolidation rather than a bearish reversal. The main resistance remains the 200-day moving average around $0.00000598, and neither buyers nor sellers appear to dominate, suggesting a period of consolidation for recent gains.
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