+103% in Shiba Inu (SHIB) Most Crucial Metric in 24 Hours: Can It Save the Day?

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Shiba Inu’s exchange outflows spiked 121.26% in one day to reach 579 million SHIB, suggesting investors are withdrawing their tokens from trading platforms. However, inflows grew even faster at 182.3%, bringing total netflow to positive 86.53 billion SHIB, indicating that sell-side liquidity remains abundant. SHIB is currently trading around $0.00000520, down nearly 4% on the daily chart, approaching critical support at $0.00000500 where major moving averages and a short-term ascending trendline converge. The $0.00000500 level is crucial for bulls: holding it would allow another attempt toward $0.00000540-$0.00000568, while a breakdown would target $0.00000480 and eventually the August support zone around $0.00000440.

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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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