Related Articles
Shiba Inu’s recent exodus is turning heads: a staggering -64.89 billion SHIB net outflow in just 24 hours. But before you brace for a crash, consider this: it’s a bullish beacon in disguise. This massive outflow signals SHIB tokens are fleeing exchanges, embarking on a one-way trip to cold storage, staking platforms, and diamond hands. Forget selling pressure; this exodus whispers of a hodling revolution brewing. Investors are loading up for the long haul, ready to unleash Shiba Inu’s true potential.
SHIB’s market picture is bleak
But zooming in on the Shiba Inu’s (SHIB) chart reveals a far more compelling narrative than the raw price suggests. Imagine SHIB trapped in a bearish labyrinth, forced to navigate a complex web of descending moving averages. The 50, 100, and 200-day moving averages loom like ominous storm clouds, suffocating any potential bullish rallies. Until SHIB can break free from this technical stranglehold, the downtrend stubbornly persists.
Since November’s dawn, Shiba Inu’s price action has taken an intriguing turn. Forget the descent deeper into the $0.000008s; SHIB now dances within a tight range of $0.0000090 to $0.0000095. Like a stubborn spring, it recoils whenever sellers test its limits, refusing to yield a clean break.
SHIB’s RSI hovers precariously between 38 and 40 – a whisper of momentum, not a death knell. Typically, in a downtrend, accelerated exchange inflows foreshadow the next plunge. But SHIB dances to a different tune. Outflows are swelling while inflows wither, hinting at a surprising twist. This divergence often signals accumulation and exhaustion, suggesting the anticipated drop might just…fizzle.
Shiba Inu volumes are stable
The decline is backed by thinning volume, not a capitulation event. Forget liquidation cascades, fear-fueled spikes, or blowout sales. This is a slow bleed, a market drifting on fumes. And that’s precisely the kind of weakness that often sets the stage for a surprise comeback.
Shiba Inu needs to conquer the $0.0000100-$0.0000105 zone to escape its current downtrend, a feat that won’t automatically trigger a bull run. Yet, whispers of a bullish reversal are growing louder as selling pressure fades. The real story? A massive 64.8 billion SHIB exodus from exchanges hints at whales and larger investors doubling down on long-term faith, shunning short-term profits.
“Whispers of a SHIB rally grow louder. If Shiba Inu holds its ground and the selling pressure fades, a surge could be brewing.”
Thanks for reading -64897407358 Shiba Inu (SHIB) in 24 Hours Confirms Bullish Outlook: Details
