The post Shiba Inu Exchanges Losing SHIB: 207, 000, 000, 000 in 24 Hours appeared com. Withdrawals are not enough? Shiba Inu’s lack of momentum With 207 billion SHIB departing exchanges in a 24-hour period, Shiba Inu recently reported yet another significant exchange outflow event. It is one of the biggest withdrawals in a single day in months, so it is not a tiny accumulation wave. Additionally, this type of signal is important in a market where sentiment has been unstable. According to CryptoQuant data, there was a net outflow of 121 billion SHIB in Nov. 15 by itself, and then the same pattern continued until Nov. 16. Withdrawals are not enough? This consistent flow of withdrawals is a reliable sign of long-term strategy. Spot selling pressure dries up, and the likelihood of a deep breakdown sharply declines when exchanges lose supply at this rate. SHIB/USDT Chart by TradingView The chart is brutally honest about the fact that SHIB is still pinned under strong technical resistance, so why isn’t the price blowing up yet? Shiba Inu is still far below all of the major moving averages. As dynamic resistance, all three are convergent and sloping downward. Shiba Inu’s lack of momentum The price is currently trading between $0. 0000090 and $0. 0000093, which is a local support zone that has held several times without breaking the market structure to the upside. Weak momentum but no surrender is indicated by the RSI at about 39. The fact that the volume is steady rather than collapsing suggests that holders are waiting rather than hurrying out. You Might Also Like People are removing tokens from exchanges because they are prepared to endure volatility rather than panic-sell, which is in line with the outflow data. In other words, rather than entering a liquidation phase, SHIB has entered an accumulation phase. The price must recover at least $0. 0000105, the first resistance cluster where.