Shiba Inu is facing renewed sell-side pressure on-chain. Recent data shows exchange inflows have exceeded 407 billion SHIB, while exchange reserves have moved above 80.25 trillion SHIB. Net flows remain firmly positive, indicating that more tokens are entering trading wallets than leaving them.
Transfers to exchanges do not automatically mean immediate selling. Still, they increase the pool of liquid supply available for trading, and that setup often appears before stronger volatility. With SHIB already under price pressure, the rise in exchange-bound tokens has taken on added weight.
Exchange reserves rise as supply conditions turn less favorable
The source material points to a partial reversal in what had been a more constructive supply trend. As reserves on exchanges push back above 80.25 trillion SHIB and net inflows stay positive, the number of tokens ready for sale is growing. The report also notes that incoming SHIB has been considerably stronger than outgoing transfers, expanding the tradable token pool.
Shiba Inu, a meme coin built on Ethereum, has a broad holder base. That wide ownership can make supply changes on exchanges more visible in price action when reserve balances continue to rise.
Break below the wedge keeps technical pressure intact
Chart signals are lining up with the on-chain weakness. SHIB recently broke below an ascending wedge pattern that had supported its price through much of the spring. That breakdown has weakened the case for a rebound and pushed the token back toward the lower end of its trading range.
The moving average structure adds to the negative picture. SHIB is still trading below its 50-day, 100-day, and 200-day moving averages, showing that sellers remain in control of the broader setup. Momentum is soft as well, with the RSI near 36, a reading that suggests limited buying interest. In the source article’s definition, RSI levels below 30 indicate oversold conditions, while readings above 70 point to overbought territory.
$0.0000054 support remains the near-term level to watch
In the short term, attention is centered on support around $0.0000054. Buyers have held that zone so far, but repeated tests of the same level can weaken it over time. If sellers break through that floor, SHIB could be exposed to another leg down.
With exchange reserves rising and inflows accelerating at the same time, the bears still have the stronger position in current market conditions. Unless buying demand improves, the growing amount of exchange-held SHIB available for sale is likely to keep weighing on price.