- Shiba Inu tokens returned to exchanges and surged to 146 billion in the last 24 hours, signaling rising sell pressure.
- SHIB price shows a short-term bullish rebound, but on-chain activity and technical indicators remain bearish.
- Key support lies near $0.000010, with resistance at $0.000012–$0.000016; potential recovery depends on strong buying volume.
Shiba Inu (SHIB) has experienced a sudden price uptick amid a broader crypto market rebound, trading at $0.000009751, up 3% in the past 24 hours. However, on-chain data tells a different story.
According to CryptoQuant, the net flow of SHIB back to exchanges reached approximately 146 billion tokens over the last day, reflecting a 2.2% increase. This movement indicates that a significant number of tokens are returning to trading platforms, a potential sign of mounting sell pressure.
In light of this, the net SHIB tokens flowing out of exchanges are approximately 435 billion. Even as the markets witness positive volatility, the SHIB exchange flow indicates a potential sell-off of tokens following a brief market rally, especially from whales.
In the past, these kinds of trends have often preceded a market correction, suggesting a possible temporary market spike. It has been observed that the weakening net flow of coins from wallets to exchanges may be a sign that seller balances are preparing for a possible dip.
Ichimoku Cloud Confirms Selling Pressure
Even though it’s a short-term recovery, SHIB’s weekly chart indicates a dominant bearish market. The price is below the Ichimoku Cloud, and both the Tenkan-sen and Kijun-sen lines are level to slightly negative.
The Chikou Span is also below the Cloud, establishing the fact that the selling pressures continue. The Relative Strength Index remains at 38.65, which is below the 50 level, marking a weak buying scenario.
The level of resistance is close to $0.000012 and $0.000016, while the supports are near $0.000010, along with a secondary support level at $0.000008. If insufficient purchase volume is observed in the market, it appears that SHIB will continue to consolidate or see a small fall in the near term.
Shiba Inu Outlook for November 2025
Looking forward, Shiba Inu has two possible scenarios. A neutral scenario would be for SHIB to trade in a stable range between $0.000010 & $0.000013, accompanied by low volatility. For a bullish turnaround, SHIB would have to close above $0.000014 on a weekly chart, along with the RSI crossing 50 & the Tenkan-sen line crossing over Kijun-sen.
Another interesting development, observed on SHIB, has been the resurgence of the older SHIB tokens from past periods of strong rallies. It implies that a small wave of price escalation could result if the buying strength increases.
Also Read: Shiba Inu Burn Rate: Why SHIB Price Remains Stable Despite Record Burns
