- Shiba Inu surged 988% in 24 hours as exchange inflows spiked 335%, signaling major market activity.
- The move could trigger either a bullish breakout or a sharp sell-off depending on trader reactions.
Shiba Inu (SHIB) has once again captured the attention of the crypto community after posting an astonishing 988% surge in activity within just 24 hours, according to data from CryptoQuant. This dramatic increase coincides with a 335% jump in exchange inflows, signaling a major shift in market behavior that could shape SHIB’s next price direction.
Shiba Inu’s Exchange Inflows Spike Dramatically
Exchange inflows — the number of coins moving from private wallets to exchanges — often hint at rising selling pressure. When holders transfer tokens to exchanges, it’s typically a precursor to liquidation. However, Shiba Inu’s price has remained stable around $0.0000102, despite the massive inflow, suggesting that large holders may not be selling just yet.
Instead, analysts believe that whales could be preparing for high-volume trading to capitalize on upcoming volatility rather than exiting the market. SHIB recently bounced from a local low of $0.0000090, reclaiming the psychologically important $0.0000100 level, which hints at growing buyer confidence.
Shiba Inu Breaks Out from Its Wedge Pattern
Technical indicators now show signs of a potential bullish reversal. SHIB is trading within a descending wedge pattern, and a confirmed breakout above $0.0000112 could trigger a short-term rally. The token remains oversold on the RSI (below 40), leaving room for a rebound if buying pressure continues to build.
While trading volume has seen only a modest uptick over the past two sessions, the true test lies in whether SHIB can maintain sustained buying interest amid the spike in inflows. A successful push above $0.0000115 to $0.0000120 could ignite a short squeeze rally, whereas panic selling could send the price back toward $0.0000090 support.
What’s Next for SHIB Traders
The surge in exchange inflows represents a crucial turning point for Shiba Inu. It could either lead to a sharp correction if selling accelerates or mark the beginning of a powerful recovery phase if bulls seize control. With volatility looming, traders should watch closely as SHIB gears up for its next big move.
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