SHIB
Shiba Inu (SHIB) recovered to $0.00000510 after falling to $0.00000493, reclaiming the $0.000005 threshold but facing uncertainty over the durability of the rebound. Rising exchange reserves and net token inflows point to potential selling pressure, while subdued momentum and declining trading volume suggest that buying support remains limited.
Exchange reserves increased by 0.06% over 24 hours to 87.2364 trillion SHIB, valued at approximately $441.4 million. The reported daily value of those reserves rose by 0.86%, while total inflows reached 256.4373 billion SHIB against outflows of 202.6345 billion, producing a net inflow of 53.8027 billion tokens.
The imbalance indicates that more SHIB moved onto exchanges than left them during the period. Tokens held on exchanges can be sold more readily, making net inflows a potential warning signal, although transfers alone do not confirm that holders intend to sell. Whether the additional exchange supply translates into actual selling activity remains a key uncertainty for the recovery.
Network activity showed modest improvement despite the price weakness. Transaction numbers increased by 0.98% to 4.634 million, while active addresses rose by 1%. These gains suggest continued network usage, but they do not establish that new buying demand is strengthening enough to offset potential selling pressure.
SHIB's reported token burn totaled 1.8828 million tokens. Although a noticeable increase in burns occurred over a seven-day period, the reported amount remains too small to materially change the token's overall supply dynamics. The available figures therefore provide limited evidence that supply reduction is supporting the price recovery.
Technical indicators also point to a difficult path toward sustained gains. SHIB remains below its 100-day moving average near $0.00000525 and its 200-day moving average around $0.00000558, leaving both levels as potential resistance. A daily close above $0.00000525 would provide an initial indication of improving price strength, although it would not by itself confirm a broader trend reversal.
The Relative Strength Index (RSI) is fluctuating between 40 and 45, reflecting weak momentum without reaching oversold territory. Declining trading volume adds to the uncertainty, as the rebound has yet to demonstrate strong buying participation. Together, these indicators suggest that SHIB remains vulnerable to renewed selling if demand fails to improve.
On the downside, the $0.00000480 to $0.00000493 range remains the immediate support zone identified by recent trading. A break below this band could bring $0.00000450 back into focus, while a sustained move above $0.00000525 would strengthen the case for further recovery toward the higher moving-average resistance near $0.00000558.
The next phase of SHIB's price action will depend on whether the recent exchange inflows lead to actual selling and whether buyers can support a daily close above the first major resistance level. Until those conditions change, the move above $0.000005 should be treated as a limited recovery rather than confirmation of a sustained bullish trend.
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