'Only' 20 Billion Shiba Inu (SHIB) Burned in 24 Hours: Main Implications for the Market

Shiba Inu is showing an unusual combination of improving price action and relatively restrained exchange activity, potentially giving $SHIB bulls more room to extend the current recovery. Only around 20 billion $SHIB appears to represent the latest net exchange balance over the referenced 24-hour period, while the token trades near $0.00000592.

Market flows are changing

The distinction between gross flows and net flows matters. The supplied data shows total exchange inflows around 623.3 billion $SHIB and outflows around 449.8 billion, indicating substantial movement on both sides. Exchange reserves stand near 87.83 trillion $SHIB and have changed by only 0.2% over 24 hours. In other words, the market is active, but there is no dramatic accumulation of $SHIB on trading platforms.

That matters because exchange deposits are generally watched as a potential source of near-term selling liquidity. A relatively small increase in readily available supply becomes more constructive when price is simultaneously recovering.

Shiba Inu passes summer lows

Technically, $SHIB has improved substantially since its summer lows. The token bottomed around $0.0000041 in July before establishing higher lows and eventually pushing through $0.0000055. The latest rally briefly carried $SHIB above $0.0000062 before volatility returned.

More importantly, $SHIB is now trading above the major long-term moving average around $0.0000056–$0.0000057. That level previously acted as resistance and now represents an important test for the recovery structure.

Momentum remains constructive without looking completely exhausted. The daily RSI sits around the low-60 region, leaving $SHIB below conventional overbought territory. The immediate resistance range lies around $0.0000060–$0.0000063. Breaking it could reopen the route toward the May trading area around $0.0000065–$0.0000067.

The main risk remains renewed exchange deposits. Netflow is already positive, so the current data cannot be interpreted as outright accumulation. But compared with the size of $SHIB's circulating supply and exchange reserves, the latest net movement remains limited. As long as exchange balances do not begin expanding sharply, price structure may remain the more important signal.