Nearly 490 Billion SHIB Leaves Exchanges Amid Growing Self-Custody Trend
- Surge in Outflows: According to CryptoQuant metrics cited by U Today, nearly 490 billion SHIB tokens have left exchanges in a sharp surge, indicating a growing trend of holders moving tokens to private wallets, with exchange reserves continuing to decline, reflecting a cautious market stance on liquidity.
- Historic Outflow: Over 374 billion SHIB exited exchanges in a single week in May 2026, marking one of the largest outflows recorded this year and pushing exchange reserves down to approximately 82.31 trillion tokens, showcasing differing perspectives among holders regarding market outlook.
- Reduced Sell Pressure: Transferring tokens to private wallets effectively removes these assets from the immediate selling pool, which typically eases near-term sell pressure; however, this does not guarantee a price recovery, and the market must remain vigilant about overall demand shifts.
- Market Dynamics Analysis: Despite SHIB's technical pressures and repeated failures to reclaim resistance near its 200-day moving average, analysts suggest that the divergence between outflow activity and price performance may indicate larger holders positioning for future market fluctuations, while cautioning against potential asset redistribution by whales.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000454 | 0.00000482 | 0.00000512 | 0.0000054 | 0.0000057 | 0.00000598 | 0.00000628 |
| Fibonacci | 0.00000482 | 0.00000504 | 0.00000517 | 0.0000054 | 0.00000562 | 0.00000575 | 0.00000598 |
About SHIB
About the author
