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SHIB Exchange Outflows Plummet 42% Despite Ongoing Selling Pressure

Guavy AI Editorial Team
Instruments
SHIB
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Shiba Inu (SHIB) exchange outflows have dropped by 42% in recent times, indicating a possible slowdown in selling pressure. However, despite this decline, exchange inflows remain higher than outflows, suggesting more SHIB tokens are entering exchanges and potentially increasing selling pressure.

The token price remains below its 200-day moving average, with key support at $0.00000500. Market activity shows no clear bullish or bearish trend at this time.

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