Shiba Inu $0.00001 Sale to Start With 138,153,291,844 SHIB
As the asset faces increased selling pressure, Shiba Inu is about to enter a critical phase. Recently, nearly 138 billion SHIB have flowed into exchanges. This indicates that traders are ready to sell their holdings in the face of persistent technical weakness, marking a significant shift in market sentiment. The peak of inflows to exchanges, which is a certain indication that holders are transferring tokens from cold storage to trading platforms – generally a sign of increased selling activity – is confirmed by on-chain data.
Deep exhaustion
After a brief attempt at recovery, SHIB is still stuck around $0.0000105 and struggling to surpass its previous support zone, which was between $0.0000117 and $0.0000122. In line with the bearish tone, this level has now turned into resistance. The overall structure of the chart presents a bleak picture.
The daily trend is still trapped in a descending triangle, and the 200-day exponential moving average, which is well above current price levels, indicates that the market is deeply exhausted. The current sell-off began in early October when SHIB crossed the psychological threshold of $0.0000100, followed by a slight rebound.
This was caused by a break of long-term ascending support. A brief stabilization may be suggested by the recent net positive flow of over 150 billion SHIB on October 15, but this is likely more of a pause than a reversal. Historically, as liquidity accumulates on exchanges before further distribution, spikes in inflows frequently occur before periods of increased volatility.
Lower retests of Shiba Inu
SHIB could retest $0.0000095 or even lower levels close to $0.0000085, where previous accumulation zones are located, unless there is strong buying volume soon. The exhaustion of momentum, both technical and social, is currently the main risk. It will be clear in the coming sessions whether this is a temporary surrender or the beginning of a more significant decline, as trading volumes decrease and sentiment is muted.
Over 138 billion tokens are pushing towards exchanges as the exhaustion of Shiba Inu begins. In the short term, the outlook for SHIB is still oriented towards new declines in the absence of a clear reversal or new retail momentum, supporting the idea that the $0.00001 range is no longer a solid support but rather a survival zone.
