Shiba Inu Faces Surging Address Outflows: What Lies Ahead?
Main Idea
Shiba Inu (SHIB) experienced a 12,887% surge in large address outflows over 30 days, but the real market trend is more moderate with 58% and 34% increases over 7-day and 90-day periods, respectively. The SHIB coin is struggling to surpass the $0.0000125 resistance level, with critical support at $0.0000122.
Key Points
1. Shiba Inu (SHIB) saw a 12,887% surge in large address outflows over 30 days, though the base value was initially low.
2. The 7-day and 90-day trends show more moderate increases of 58% and 34%, respectively, indicating a steady exit rather than panic.
3. SHIB coin is facing resistance at $0.0000125, with selling pressure increasing after a failed resistance test.
4. The $0.0000122 support level is critical in the short term, with the RSI around 40 and decreasing volume.
5. Blockchain data from IntoTheBlock highlights the disparity between the dramatic 30-day outflow percentage and the more subdued longer-term trends.
Description
Shiba Inu's large address outflows rose 12,887% despite misleading base values. Steady trends over 7 and 90 days suggest moderate, not sudden, whale exits. Continue Reading: Shiba Inu Faces Surging Address Outflows: What Lies Ahead? The post Shiba Inu Faces Surging Address Outflows: What Lies Ahead? appeared first on COINTURK NEWS .
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