Markets· ★★· bearish·

92 Billion SHIB Flood Exchanges in 24 Hours as Price Stays Below Key Resistance

  • —Net SHIB inflow to exchanges hit 92.07 billion tokens, up 0.77% in 24 hours
  • —Inflows totaled 324.28 billion SHIB versus 232.21 billion in outflows
  • —Exchange reserves stand at 86.25 trillion SHIB, down 2.9% in dollar terms to $418.32 million
  • —SHIB trades near $0.00000489 with resistance at $0.0000050 and support at $0.0000048
Why it matters: Rising exchange deposits signal holders are positioning to sell, raising the risk of further downside for SHIB.
#SHIB
Source: U.Today
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