Altcoins News
By Julie Binoche
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Big Withdrawals, Bigger Inflows. The average size of individual outflows has risen, which means it's not retail traders trickling…
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RSI Above 60, But the 100-Day EMA Looms. Technically, buyers seem to have short-term control.
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What Traders Are Watching Now. The setup is basically this: SHIB needs to clear the 100-day EMA with strong volume behind it to…
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Half a trillion SHIB left exchanges in a single day. That's not a typo.
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Over the past 24 hours, roughly 406 billion Shiba Inu tokens were pulled off exchanges by holders — a withdrawal figure that sounds almost absurd given how many zeros SHIB's…
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The average size of individual outflows has risen, which means it's not retail traders trickling tokens off platforms — large holders are moving substantial chunks at once.
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But exchange reserves went up anyway. That's the tension here. More SHIB available for trading on exchanges typically reads as bearish — it means more potential sell pressure…
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SHIB is currently trading around $0.00000500, which came after a bounce back from July lows. That recovery is real.
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Technically, buyers seem to have short-term control. The Relative Strength Index sits above 60 — not overbought, but not neutral either.
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The bigger problem is the 100-day exponential moving average. SHIB is still trading below it.
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See also: Strategy Dumps 1,638 Bitcoin in a Week, USD Reserves Cross $4 Billion
12 / 15
Active addresses also ticked up slightly. Network engagement isn't exploding, but it's moving in the right direction.
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The setup is basically this: SHIB needs to clear the 100-day EMA with strong volume behind it to make a convincing case for further gains.
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Large holders withdrawing tokens at scale suggests they're not rushing to sell. Strategic accumulation — pulling tokens off exchanges to hold rather than liquidate — tends to…
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The community seems engaged. Active sending and receiving addresses are up, which is a decent sign that broader participation is building rather than just a handful of whales…
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