Shiba Inu Exchange inflows are decreasing drastically, indicating a possible accumulation amid consolidation

Accumulation signals for Shiba Inu are strengthening as its supply on exchanges decreases by more than 62%, indicating lower selling pressure and growing optimism among holders for a potential price recovery.

Exchange inflows drop by 62%: this indicates that fewer SHIB tokens will be sold, a bullish indicator of market sentiment.

Stable exchange reserves of 82.08 trillion SHIB suggest a liquidity contraction phase and accumulation.

Price consolidation above the support of $0.0000095, with the RSI near 40, points to a neutral to bullish bias and a potential rebound.

The decrease in Shiba Inu supply generates accumulation signals amid price stabilization. Discover key on-chain metrics and technical outlooks for the potential recovery of SHIB. Stay informed about cryptocurrency trends today.

The decrease in Shiba Inu supply is mainly due to a significant reduction in exchange inflows, which fell by more than 62% in the last day, resulting in a net decrease of approximately 1.008 million SHIB tokens entering exchange platforms.

This trend, according to on-chain data from CryptoQuant, reflects that holders are withdrawing their tokens from exchanges, indicating greater confidence in the future appreciation of value.

Overall, this indicates a bullish shift in market dynamics, with lower selling pressure that could pave the way for stabilization and price growth.

Accumulation signals for Shiba Inu are evident through multiple technical and on-chain indicators. Exchange inflow metrics, specifically the MA7 average, have plummeted by 83.45%, while outflows decreased by 58.78%, according to data from CryptoQuant. $SHIB