Shiba Inu stays near $0.00000541 as outflows test $0.00000560

Key takeaways

  • Shiba Inu is trading near $0.00000541 after an early-October decline from its late-September high near $0.00000626. The selling may be slowing, but the chart still sits below the long-term average at $0.00000560.
  • Exchange data shows about 161.1 billion SHIB flowing out and about 133.8 billion SHIB flowing in over the last 24 hours, producing net flow of about -27.3 billion SHIB.
  • The 7-day average inflow rose about 13% in the last day, so the picture is mixed: fewer coins may be sitting on exchanges, but sellers are still present.
  • The main trend test is $0.00000560. Support is near $0.00000530, the deeper October 6 wick is at $0.00000510, and the round $0.00000500 level sits below that.
  • A close below $0.00000510 would make the reversal idea in the source view fail, shifting attention to the $0.00000470 to $0.00000450 summer-low area.

What happened

The SHIB/USDT chart by TradingView shows Shiba Inu below the long-term average near $0.00000560. That line is the main trend test because price has been rejected in the $0.00000550 to $0.00000560 area several times. After the late-September high near $0.00000626, early October brought a hard fall. The latest candle held the $0.00000530 support, but the deeper wick from October 6 at $0.00000510 remains the next floor. If that level were broken, the round $0.00000500 area would become the next reference point.

The selling pressure appears less certain than it looked a few days ago. Exchange data suggests more SHIB is leaving exchanges than entering, which often means holders are not rushing to sell. That is why the near-term technical question is not simply whether the price can rise, but whether it can reclaim the average that has repeatedly capped the move.

Market context

On-chain flow data gives mixed signals. Net flow is about -27.3 billion SHIB, meaning more coins moved out of exchanges than in. Exchange reserves dipped slightly. However, the 7-day average inflow rose about 13% in the last day, so some sellers are still active.

Over the last 24 hours, about 133.8 billion SHIB flowed into exchanges, while about 161.1 billion flowed out. The gap is the net flow of about -27.3 billion SHIB. In plain terms, more coins left exchanges than arrived, and that is a mildly bullish sign.

Exchange flow data tracks how many coins move onto and off crypto exchanges. Coins sent to an exchange are often ready to be sold. Coins withdrawn to a personal wallet are often held for longer. The seven-day trend tells a similar story: exchange reserves, the total SHIB held on exchanges, have been sliding for about a week. The reserve value in dollars fell about 1.5% in the last day and sits near $471.5 million. When reserves shrink, there are fewer coins available for quick selling, which can support price over time.

Why it matters

For readers following Shiba Inu, the important point is that price location and holder behavior are not currently aligned in a simple way. The market sits below $0.00000560, the trend test, yet net outflows and shrinking reserves suggest that a portion of supply is moving away from sell-ready venues. The counterweight is the 13% jump in the 7-day average inflow in the last day, a reminder that coins can still move back onto exchanges quickly.

The technical boundary is clear. If SHIB closes above $0.00000560 with strong volume, buyers take control. In that scenario, the levels that would next come into view are $0.00000580 and then $0.00000600. The source also notes that continued net outflows would support this view. But the same data can change if inflows keep rising or if reserves stop sliding.

What to watch

  • Whether the net flow stays negative. The current 24-hour gap is about -27.3 billion SHIB, with about 161.1 billion SHIB leaving and about 133.8 billion SHIB arriving.
  • Whether the 7-day average inflow keeps rising. The last-day increase of about 13% is the main signal that sellers are not gone.
  • Whether exchange reserves continue to slide. The dollar value near $471.5 million fell about 1.5% in the last day.
  • Whether price can close above $0.00000560 with strong volume. Repeated rejection in the $0.00000550 to $0.00000560 zone makes that the key test.
  • Whether $0.00000530 remains support. The latest candle held there, while the October 6 wick at $0.00000510 defines the next floor.
  • Whether a close below $0.00000510 occurs. That would fail the reversal idea in the source view and move attention to the $0.00000470 to $0.00000450 area where summer lows formed.