Shiba Inu Exchange Reserves Fall as SHIB Faces Resistance

What to Know

• Shiba Inu exchange reserves fell to 88.03 trillion tokens as withdrawals exceeded deposits while SHIB struggled below key price resistance.
• Average exchange outflow activity dropped 51.4%, while active addresses increased just 0.87%, limiting evidence of stronger network demand among users.
• SHIB faces resistance at $0.00000610 and $0.00000630, while losing $0.00000560 could expose lower support between $0.00000540 and $0.00000500 during corrections.

Shiba Inu exchange reserves fell to 88.03 trillion tokens as withdrawals outpaced deposits, while SHIB struggled to clear $0.00000610 resistance. According to CryptoQuant , exchange outflows reached approximately 356.7 billion SHIB against 287.2 billion inflows. Those totals place the difference at roughly 69.5 billion tokens, below the source headline’s claimed 406 billion gap.

Separately, reported exchange netflow stood at negative 101.2 billion SHIB, indicating withdrawals exceeded deposits in the reported netflow measurement. The report did not clarify why this netflow reading differed from the listed inflow and outflow totals.

Exchange token reserves declined 0.11% over 24 hours, while their dollar value dropped 1.42% to approximately $519.4 million. These movements accompanied SHIB’s recovery from September prices below $0.00000500, with the token trading around $0.00000589 in the report.

Lower exchange balances can reduce immediately available trading supply, but withdrawals alone do not confirm stronger buying demand. Meanwhile, SHIB remained above its major long-term moving average near $0.00000565, which attracted buyers during several corrections.

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SHIB Resistance Holds as Withdrawal Activity Weakens

Other indicators presented a less supportive picture, with the seven-day moving average of mean exchange outflows falling 51.4%. This decline showed weaker average withdrawal activity despite the negative netflow reading and modest reduction in exchange reserves.

Active addresses rose just 0.87%, leaving little evidence of expanding network participation alongside the reported movement away from exchanges. On the price chart, resistance between $0.00000600 and $0.00000610 blocked multiple attempts to establish a sustained breakout. September’s peak near $0.00000630 remained another technical barrier, placing two resistance levels above SHIB’s reported trading price.

The relative strength index stayed moderately bullish without reaching overbought territory, leaving room for another attempt at higher prices. A sustained break above $0.00000610 would strengthen the recovery, while clearing $0.00000630 would overcome the larger resistance barrier.

Losing $0.00000560 would weaken SHIB’s recovery and expose support between $0.00000540 and $0.00000500. SHIB’s declining exchange reserves offer support, but slower withdrawals and limited address growth leave the recovery dependent on stronger demand.

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