167 Billion Shiba Inu (SHIB) Traded in 24 Hours: Rally Is Ending

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Shiba Inu recorded 168.18 billion tokens in exchange inflows over the past 24 hours. The token is currently trading around $0.00000552, having reclaimed its 50-day moving average at $0.00000515 and its 100-day moving average at $0.00000503. The 200-day moving average at $0.00000568 now acts as direct overhead resistance. Net flows remain negative as outflows of 208.98 billion tokens exceeded inflows of 168.18 billion, resulting in a netflow of -26.64 billion SHIB and a 0.03% decline in exchange reserves. A breakout above the 200-day MA could extend the recovery toward the $0.0000059-$0.0000062 zone, while failure would increase the likelihood of a pullback toward $0.00000515.

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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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