Summary Shiba Inu exchange net outflows dropped by 522 billion SHIB, weakening the accumulation signal supporting its recent recovery attempt significantly. SHIB remains below major moving av
Shiba Inu has lost recovery momentum as exchange net outflows dropped by 522 billion SHIB within the past 24 hours. This reversal signals weaker accumulation while the token struggles to establish stronger support above its recent trading range.
On-chain data shows the decline followed stronger exchange outflows earlier in the week, which had supported expectations of sustained accumulation. However, that positive signal has weakened considerably as buying activity fades alongside another rejection near an important technical resistance area.
SHIB recently approached its 50-day moving average during the rebound but encountered enough selling pressure to prevent another meaningful advance. Consequently, the token formed another lower high, reinforcing the broader bearish structure that has dominated its price performance during 2026.
Meanwhile, SHIB moved back toward $0.00000460 as trading activity weakened from the elevated levels recorded during the previous rally. Buyers also failed to establish consecutive closes above the 50-day moving average, effectively weakening the technical case supporting the breakout attempt.
The $0.00000500 region therefore remains an important resistance level that buyers must reclaim before stronger bullish momentum can develop. Until that happens, sellers retain considerable influence around resistance while SHIB remains vulnerable to additional pressure around nearby support levels.
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The 522 billion SHIB decline in exchange net outflows removes an important signal that previously strengthened confidence in the recovery. Strong exchange outflows often indicate holders are withdrawing tokens from trading platforms, potentially reducing assets immediately available for selling.
Conversely, weaker net outflows can suggest accumulation has slowed considerably while more holders remain willing to keep tokens available on exchanges. That development becomes particularly significant because SHIB remains below its 50-day, 100-day, and 200-day moving averages.
Source: TradingView
Additionally, the 20-day moving average has begun to flatten as the upward momentum generated during the previous rally gradually weakens. The relative strength index has also returned toward the neutral 50 region following its brief movement into bullish territory.
These technical developments suggest buyers have struggled to maintain enough pressure to transform the rebound into a sustained trend reversal. Moreover, sellers have repeatedly defended resistance, preventing SHIB from establishing the stronger price structure required for another meaningful advance.
Immediate support remains around $0.00000445, where the 20-day moving average converges with an earlier consolidation region. A breakdown beneath that area could expose recent local lows around $0.00000410 and weaken the recovery structure developed recently.
However, reclaiming $0.00000500 and establishing that region as support would improve SHIB’s prospects of rebuilding stronger upward momentum. Until then, weaker exchange flows and repeated resistance failures indicate that the latest recovery attempt remains under considerable pressure.
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The post Shiba Inu Recovery Loses Momentum as 522 Billion SHIB Outflow Trend Reverses appeared first on 36Crypto.
