On-chain analytics have detected a massive increase in liquidity flowing into trading platforms, with approximately 549 billion Shiba Inu (SHIB) tokens deposited into exchange wallets in the last 24 hours. This sharp increase Shiba Inu Swap Entry coincides with the asset test, a critical structural support near the $0.00000608 level. With a bearish SHIB Death Cross forming on intraday charts, traders are now wondering if this supply wall will trigger a break below the year’s lows.
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Spike in SHIB Exchange Flows: What 549B Transfer Means
Data from analytics providers including CryptoQuant and U.Today highlights a worrying shift in SHiba Inu market dynamics. The injection of 549 billion tokens into exchange reserves represents a significant increase in potential selling-side pressure. Historically, rising foreign exchange reserves – similar to Bitcoin’s sharp increase in foreign exchange reserves – signal that holders are positioning their assets for liquidation rather than long-term cold storage. If this liquidity hits order books while demand remains lukewarm, the resulting imbalance could force prices lower.
The move also includes notable activity from large holders. Reports indicate that whale movements contributing to this influx, a specific wallet transferring substantial holdings to the Bitget exchange after months of inactivity. Context is crucial here: aggressive buying can sometimes absorb such flows during a bull market, but the current SHIB structure is clearly bearish. Previous cases of similar volume, like the Kraken transfer analyzed earlier this month, have often preceded periods of consolidation or price correction.
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SHIB Price Analysis: Death Cross Threatens Key Support
The technical structure of the Shiba Inu deteriorated significantly in February. SHIB is currently trading around $0.00000608, dangerously close to the psychological support floor at $0.0000060. The main concern among analysts is the confirmation of a death crossover on the 2-hour and 4-hour charts – a bearish signal formed when the 50-period moving average crosses below the 200-period moving average. This trend suggests that the momentum has firmly shifted in favor of the bears.
Price action is currently capped by dynamic resistance at $0.0000066. If the bulls fail to regain this level, the SHIB Price Prediction points towards a deeper correction. A decisive break below the $0.0000060 support could open the door to the $0.00000592 level, validating the series of lower highs and lower lows seen since the start of the year.
SHIB Price Analysis Source: TradingView
However, crypto technical analysis reveals oversold conditions on the RSI (Relative Strength Index), currently hovering near 30. This could trigger a localized relief rebound. For the bearish thesis to be invalidated, SHIB would need to breach the $0.0000072 resistance level and establish a higher low, a scenario that currently appears unlikely given the large overhead supply.
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What this means for the SHIB price outlook
The confluence of massive currency inflows and a technical death cross creates a high-risk environment for SHIB holders. Traders should closely monitor the $0.0000060 level: a high volume close below this line would confirm the breakout. Conversely, if buyers intervene, upside potential remains limited by falling moving averages.
This fragility reflects the weakness seen in the coin sector, where even established tokens like DOGE have entered correction zones. Furthermore, the security of ecosystems remains a priority; The Shiba Inu Team recently issued scam alerts regarding recovery services, reminding investors to remain vigilant amid volatility. Until inflows stabilize, the path of least resistance appears to be downward.
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SHIB Tests Support as Bitcoin Hyper-Presale Gains Momentum
As Shiba Inu struggles to defend its annual lows, capital is beginning to shift to emerging opportunities further out on the risk curve. Investors looking for volatility games are increasingly focusing on Bitcoin Hyper ($HYPER) pre-sale, which has gained traction as a high-potential alternative to stagnant old coins.
Bitcoin Hyper is designed to leverage the security of the Bitcoin ecosystem while providing high-throughput transaction capabilities, positioning itself as a utility-focused layer on top of the standard Bitcoin narrative. The project is currently in its early presale stages, offering tokens at a discounted price from its planned listing price.
For traders tired of SHIB consolidation, $BHYPER offers a new market structure with specific staking APY incentives for early adopters. The project has already raised significant capital in its first rounds, suggesting a strong appetite for new Bitcoin-beta games.
Users can join the community on Telegram and X (Twitter).
Visit the Bitcoin Hyper presale here
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Neil is a professional cryptocurrency content writer with years of experience. He has written for various cryptocurrency websites to report on the latest news and has been hired by all kinds of cryptocurrency projects, to create content that would increase their visibility and attract more potential investors.
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