Summary Shiba Inu exchange reserves reached 87.2364 trillion tokens as SHIB recovered above $0.000005, raising concerns about potential selling pressure. Exchange inflows exceeded withdrawals
Shiba Inu recorded substantial exchange inflows as its price recovered above $0.000005, placing renewed selling pressure concerns alongside improving market performance. Shiba Inu traded at $0.00000510, recovering from a daily low of $0.00000493 while exchange balances increased across major trading platforms.
Market data showed that exchange reserves reached 87.2364 trillion SHIB, representing a 0.06% increase within 24 hours. Meanwhile, the total value of these holdings climbed 0.86% to approximately $441.4 million, reflecting growing exchange supply.
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Exchange inflows reached 256.4373 billion SHIB, exceeding withdrawals of 202.6345 billion tokens during the reporting period. As a result, net inflows totaled 53.8027 billion SHIB, a 3.69% daily increase, as additional tokens entered trading platforms.
The seven-day reserve chart also showed rising balances in recent sessions, coinciding with SHIB reclaiming the $0.000005 price level. Higher exchange balances accompanied the recovery, indicating that holders transferred more tokens onto platforms where selling transactions occur.
Meanwhile, network activity registered modest improvements, with transaction counts reaching 4,634 following a 0.98% increase. Active addresses also increased 1%, while reported token burns reached approximately 1.8828 million SHIB during the measured period. Despite these developments, exchange deposits remained higher than withdrawals, maintaining the increase in available trading supply.
Technical indicators showed Shiba Inu trading beneath major moving averages despite recovering from its recent intraday low. The 100-day moving average stood near $0.00000525, while the 200-day moving average remained higher at approximately $0.00000558.
Both indicators established resistance above the current price, with $0.00000525 representing the nearest significant technical barrier. Additionally, the Relative Strength Index remained between 40 and 45, reflecting relatively weak buying momentum.
Source: TradingView
Trading volume also declined during recent sessions, accompanying the token’s movement below its established resistance levels. Immediate support remained between $0.00000480 and $0.00000493, while another historical support level stood near $0.00000450.
A daily close above $0.00000525 would mark a recovery beyond the nearest moving average. Meanwhile, sustained exchange inflows and weaker trading volume remain important developments surrounding SHIB’s current price recovery.
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The post Shiba Inu Exchange Reserves Hit 87.23 Trillion as SHIB Price Reclaims $0.000005 appeared first on 36Crypto.
