- Whales move 147 trillion SHIB, hinting at massive accumulation.
- Exchange outflows signal renewed investor confidence in Shiba Inu.
- SHIB price stability may precede a potential bullish breakout soon.
Shiba Inu (SHIB) is making headlines again after a massive 147.7 trillion tokens were moved out of exchanges within 24 hours, according to market data. The sudden withdrawal by whales and retail investors has fueled growing optimism that the meme coin could be entering an accumulation phase.
The large-scale outflow has pushed SHIB’s exchange netflow into negative territory, signaling that holders are choosing to store their tokens in private wallets rather than keeping them on trading platforms. This behavior often reflects confidence in long-term value appreciation and can limit selling pressure on the market.
Exchange Outflows Point to Renewed Investor Confidence
As the supply of SHIB available for trading declines, analysts believe the shift could pave the way for price stabilization or an upward move. Historically, steep negative netflows have preceded rebounds in speculative assets, and the latest activity indicates a similar setup for Shiba Inu.
At press time, SHIB trades near $0.0000090, holding above a short-term ascending support trendline on the daily chart. Despite being trapped in a broader downward channel, the token shows resilience. Key resistance levels remain near $0.0000118 and $0.0000128, corresponding to the 100-day and 200-day moving averages.
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Additionally, the relative strength index (RSI) sits around 40, suggesting mild bearish pressure but no sign of exhaustion. Recent liquidations in mid-October cleared out overleveraged traders, creating room for a steadier recovery if buying momentum continues.
If SHIB manages to close above $0.0000105, it could initiate a short-term breakout toward $0.000012. Conversely, failure to hold the $0.0000085 support might lead to another dip near $0.0000075.
Whale Moves Signal Potential Market Shift
The withdrawal of 147 trillion SHIB from exchanges underscores growing confidence among holders. Market watchers see this as a clear sign that both whales and smaller investors are positioning for future gains. While it remains uncertain how strong the next move will be, the accumulation trend suggests that bullish sentiment around Shiba Inu is quietly building momentum.
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