SHIB Defies Bearish Signals with 10% Price Surge

Shiba Inu's price has seen a significant surge of over 10% in the past 24 hours, reaching $0.000004566 despite bearish exchange netflow signals.

The exchange netflow turned negative as more Shiba Inu tokens were deposited for sale, with a substantial rise in tokens being sent to exchanges. This trend suggests that traders have increased their selling activity, typically signaling a weakening demand on the spot market.

However, despite the bearish signals, SHIB's price defied expectations and staged a swift recovery, reestablishing a previous high.