One of Shiba Inu's most significant exchange metrics is drastically shifting in the opposite direction, despite the token being under fresh selling pressure. As the token tests a crucial technical area, $SHIB's seven-day average exchange outflow has increased by more than 100% in a single day, possibly offering some support.
Exchange outlfows are rising
Exchange Outflow (Mean, MA7) is estimated to be 579 million $SHIB based on on-chain data, up 121.26% over the previous day. The rise is significant because exchange outflows typically indicate that tokens are leaving trading platforms. This may lower the quantity of immediately liquid $SHIB that is available for sale if it continues.
$SHIB/USDT Chart by TradingViewBut there's a catch. Inflows are growing even more rapidly. Exchange Inflow (Mean, MA7) increased by 182.3% to roughly 1.68 billion $SHIB. With 318.28 billion $SHIB in total inflows and 231.74 billion in outflows, the total exchange netflow was positive at roughly 86.53 billion $SHIB.
Because of this, the signal is far less bullish than the outflow increase alone would indicate. More $SHIB is being withdrawn by investors, but an even greater sum is concurrently arriving at exchanges. As a result, exchange reserves have increased by 0.1% to about 87.29 trillion $SHIB.
Because $SHIB is currently under technical pressure, the timing is crucial. The token has dropped nearly 4% on the daily candle and is currently trading close to $0.00000520. The major long-term moving average is still at $0.00000568, but its recent recovery was rejected at $0.00000540.
Critical support is closer
$SHIB is now getting close to a crucial support cluster at $0.00000500. This is where the major moving averages and the rising short-term trendline converge. Additionally, the RSI has dropped to roughly 53.7, indicating a weakening of bullish momentum without entering oversold territory.
Therefore, the 121% increase in outflow may help ease some short-term supply pressure, but it cannot "save" $SHIB on its own. The greater inflow spike and positive exchange netflow indicate that there is still a significant amount of sell-side liquidity.
$0.00000500 is the critical level for bulls. Holding it allows for another attempt at $0.00000540–$0.00000568 and preserves the August recovery structure. Instead, a clear breakdown would reveal about $0.00000480, which would be followed by the larger August support zone around $0.00000440.
