Shiba Inu is trading at $0.00000510 after bouncing from a daily low of $0.00000493. The price is back above the $0.000005 level, but a large amount of SHIB moved onto exchanges at the same time. That combination makes the recovery hard to trust.
Exchange data suggests growing supply. Exchange reserves for SHIB now stand at 87.2364 trillion tokens, up 0.06% in 24 hours. The seven-day chart shows a clean climb in the past couple of days. The dollar value of these reserves is about $441.4 million, up 0.86%. Total exchange inflow reached 256.4373 billion SHIB, while total outflow was 202.6345 billion SHIB. The difference gives a net inflow of 53.8027 billion SHIB, which is up 3.69% on the day.
SHIB/USDT Chart by TradingView
In simple terms, more coins moved to exchanges than left them. This matters because coins on exchanges can be sold quickly. Higher exchange balances often point to selling pressure, especially when the price is still below key resistance levels. Holders who move coins to exchanges may be preparing to take profits or cut losses.
Network activity remains steady
Not all signals are negative. Transaction count is 4.634K, up 0.98%. Active addresses grew by 1%. These small gains show the network is still in use, but they do not point to a surge of new demand. Burned supply is 1.8828 million SHIB. The seven-day chart shows one sharp burn spike, but the amount is too small to change the supply picture.
Price faces a wall of resistance
On the daily chart, SHIB is trading below several moving averages. The 100-day line sits near $0.00000525, and the 200-day line is close to $0.00000558. Together, these levels form a resistance zone above the current price. Buyers need a daily close above $0.00000525 to show real strength. The Relative Strength Index is around 40 to 45. This means momentum is weak but not yet in oversold territory. Trading volume has also decreased in recent days, which shows the bounce lacks strong support from buyers.
On the downside, support sits near $0.00000480 to $0.00000493. This range held in recent sessions. A drop below it may open the way toward $0.00000450, a level that acted as support in August.
What to watch next
The key question is whether the large exchange inflow becomes selling. If net inflows continue while the price stalls under $0.00000525, the risk of a pullback grows. If outflows return and the price breaks above the 100-day average, the recovery might look much stronger. For now, SHIB holds above $0.000005, but the rise in exchange supply and weak volume keep the outlook cautious.