Shiba Inu Faces Rising Exchange Inflows as Price Holds Near Key Levels

Shiba Inu (SHIB) is experiencing one of its most turbulent trading weeks of the year, with on-chain data showing a sharp rise in exchange inflows. According to analytics firm CryptoQuant, inflows jumped nearly 200% this week, sparking renewed concerns about short-term selling pressure on the popular meme token.

Exchange Inflows Point to Growing Sell-Side Pressure

On September 24, mean inflows to exchanges climbed to approximately 2.94 billion SHIB, more than doubling earlier weekly levels. Historically, such spikes often signal that holders are preparing to liquidate positions, raising doubts about the token’s near-term price stability.

Analysts caution that heavy inflows can foreshadow sell-offs, especially when technical momentum appears fragile. If inflows persist, SHIB could be forced to test deeper support around $0.00001150, with a failure at that level potentially dragging prices toward $0.00001000.

Technical Picture Remains Mixed

On the daily chart, SHIB recently broke out of a symmetrical triangle formation and is now consolidating near $0.00001221.

However, the token continues to trade below critical resistance levels. Both the 50-day and 200-day exponential moving averages (EMAs) are acting as barriers, with strong resistance sitting in the $0.00001300–$0.00001350 range.

Despite this, not all signals are negative. The Relative Strength Index (RSI) remains in neutral territory, suggesting that SHIB is not yet oversold and may still have room to recover if buying momentum re-emerges.

Trading Volumes Suggest Market Absorption

Interestingly, SHIB has also recorded a spike in trading volumes that has not translated into an immediate breakdown in price. Analysts say this could mean that buyers are quietly absorbing sell-side pressure, potentially laying the groundwork for a rebound.

If SHIB can hold above the $0.00001200 support level, a recovery toward the $0.00001350 resistance zone remains within reach. Such a move would likely depend on reduced inflows and renewed market confidence.

At a Crossroads Between Bulls and Bears

The latest data underscores SHIB’s precarious position. On one hand, exchange inflows are flashing red, hinting at the risk of a sharp downturn. On the other hand, price resilience and steady absorption of volume indicate that buyers are not yet out of the fight.

For now, Shiba Inu finds itself at a crossroads. If bulls can reclaim near-term resistance, the token may stabilize and recover. However, failure to hold key support could see SHIB slide closer to its yearly lows, making the coming days critical for traders watching the meme coin’s next move.