Shiba Inu Shows Signs of Accumulation as Exchange Reserves Drop and Long Term Holders Remain Steady

Main Idea
Shiba Inu (SHIB) is showing signs of accumulation as exchange reserves drop and long-term holders demonstrate confidence, potentially setting the stage for a price rebound.
Key Points
1. Shiba Inu’s on-chain accumulation is driven by a significant drop in Age Consumed (down 99.7% since mid-June) and reduced exchange reserves (down 200 billion tokens between July 22-25).
2. Exchange outflows indicate investors are moving SHIB into self-custody, reducing available supply for sale and supporting price stability.
3. Recent whale activity, including a 2.58 billion SHIB accumulation, suggests growing investor confidence and potential upward momentum.
4. SHIB’s RSI is neutral at 55.88, and while momentum indicators have cooled, the token has stabilized above key support levels, showing market resilience.
5. Long-term holders are keeping SHIB dormant, reducing the risk of sudden sell-offs and reinforcing price stability.
Description
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