Shiba Inu outflows surged by 79% over the past 24 hours, with approximately 447.7 billion SHIB withdrawn from centralized exchanges against only 134.95 billion deposited, resulting in a net negative flow of approximately 312.75 billion tokens. This acceleration mirrors a 127.82% increase in the seven-day moving average of outflows, now reaching approximately 940.84 million SHIB, while exchange reserves declined by 0.36% to approximately 86.95 trillion SHIB. SHIB is currently trading around $0.00000505, attempting to stabilize above the psychological $0.000005 level with dynamic support between $0.00000497 and $0.00000499. Technical indicators, including an RSI near 52, suggest neutral momentum, but exchange flow structure favors short-term buyers ahead of a potential attempt to reclaim the $0.0000055 to $0.0000057 resistance zone.
Source: Read the original article

