Even as Shiba Inu (SHIB) faces renewed selling pressure, one of the token's most important exchange metrics is moving sharply in the opposite direction. While SHIB tests a critical technical zone, its seven-day average exchange outflow has climbed more than 100% in a single day, a development that could provide some degree of support.

Exchange outflows are rising

According to on-chain data, Exchange Outflow (Mean, MA7) now stands at an estimated 579 million SHIB, an increase of 121.26% over the previous day. The move matters because exchange outflows generally signal tokens leaving trading platforms. Should the trend continue, it could reduce the amount of immediately liquid SHIB available for sale. For context, exchange flows are among the most widely tracked on-chain indicators in crypto analysis because they offer a window into whether holders are positioning for longer-term custody in self-custody wallets or preparing tokens for potential sale.

There is, however, an important caveat: inflows are growing even faster. Exchange Inflow (Mean, MA7) rose by 182.3% to roughly 1.68 billion SHIB. Total exchange inflows reached 318.28 billion SHIB against 231.74 billion in outflows, leaving total exchange netflow positive at approximately 86.53 billion SHIB.

This makes the signal considerably less bullish than the outflow surge alone would suggest. Investors are pulling more SHIB off exchanges, but an even larger amount is arriving on them at the same time. As a result, exchange reserves have edged up 0.1% to about 87.29 trillion SHIB.

The timing is significant because SHIB is currently under technical pressure. The token has fallen nearly 4% on the daily candle and trades close to $0.00000520. Its recent recovery attempt was rejected at $0.00000540, while the major long-term moving average remains at $0.00000568.

Critical support is closer

SHIB is now approaching a key support cluster around $0.00000500, an area where the major moving averages converge with a rising short-term trendline. The RSI has meanwhile slipped to roughly 53.7, indicating weakening bullish momentum without reaching oversold conditions.

Taken together, the 121% jump in outflows may relieve some short-term supply pressure, but it cannot "save" SHIB on its own. The larger inflow spike and the positive exchange netflow point to substantial sell-side liquidity still in the market. It is also worth noting that SHIB, as a meme-origin token with a very large circulating supply, tends to see exchange-flow metrics move in percentages that can appear dramatic while translating into relatively modest shifts in reserves — as the 0.1% uptick in total holdings here illustrates.

For bulls, $0.00000500 is the decisive level. Holding it would preserve the August recovery structure and open the door to another attempt at the $0.00000540–$0.00000568 range. A clear breakdown, by contrast, would expose roughly $0.00000480, followed by the broader August support zone near $0.00000440.