Shiba Inu Surges 12% on Exchange Token Outflows and Strong Holder Accumulation

Shiba Inu (SHIB) investors are celebrating after a significant price surge of over 12% in recent trading. The uptick is attributed to a substantial net outflow of tokens from exchanges, which analysts consider an early sign of a potential reversal in the asset's price direction.

Roughly 145 billion SHIB tokens were withdrawn from exchanges and moved to private wallets, indicating that holders are opting for self-custody instead of selling. This large-scale accumulation trend often precedes a shift in market momentum.

Despite the double-digit intraday rebound, technical analysis shows mixed momentum signals, with an 80% probability of trading sideways below $0.00000481 in the coming days. The current price holds above key short-term averages but remains under the 200-day average.