Back to 81 Trillion Shiba Inu (SHIB)? Worrying Dynamic in Available Sell Supply
The fact that SHIBs chart already appears shaky makes that trend significant. The token is still trading below important moving averages and recently lost support from its rising wedge structure. Momentum indicators are still weak, and attempts to recover resistance in the $0.00000620-$0.00000630 region have repeatedly failed. The RSI is currently close to oversold territory, indicating ongoing bearish pressure without clear indications of a return to accumulation. Ripples Schwartz Reacts to Passing of Ondo Finance Founder Shiba Inu (SHIB), XRP, Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis for May 26: Risk Brings Profits Growing exchange reserves alone would be alarming. The setup becomes much riskier when coupled with weak price action. Exchange netflows are the first step in the larger breakdown. Inflow metrics have increased significantly despite the fact that overall netflow is still slightly negative. Larger holders may be repositioning coins onto exchanges, as evidenced by recent increases in mean inflows, top-10 inflow transactions, and total exchange inflows. card That does not necessarily indicate that dumping will occur right away. Wallets occasionally transfer money for internal exchange operations, derivatives collateral, and liquidity management. However, because it increases the liquid supply available for market selling, persistent reserve growth has historically been associated with higher downside