Shiba Inu (SHIB) remains under sustained bearish pressure as centralized exchange reserves climb to 86.04 trillion tokens, while the token's market price closes in on a critical support level at $0.00000413. Data from CryptoQuant shows that exchanges collectively hold approximately $382.87 million worth of SHIB, raising questions about market liquidity and the potential impact of large-scale selling activity.

The token is currently trading around $0.00000444, with declining trading volume and weakening technical indicators offering limited signs of recovery. Although exchange deposits and withdrawals remain broadly balanced, the broader market structure continues to reflect bearish conditions.

Exchange Reserves Reach 86.04 Trillion SHIB

CryptoQuant data indicates that centralized cryptocurrency exchanges currently hold approximately 86.04 trillion SHIB. These holdings represent a substantial share of the token's tradable supply, although the total reserve figure does not necessarily translate into immediately available market liquidity.

Large exchange balances can raise concerns about potential selling pressure, particularly if significant holders attempt to liquidate their positions. The market may lack sufficient buying demand to absorb large orders without substantial price movements. As a result, investors seeking to sell sizable SHIB positions could receive considerably less than the estimated market value of their holdings, underscoring the importance of market depth and available buying demand rather than the headline value of exchange reserves alone.

Exchange flow figures offer additional insight into recent investor activity. In onchain analysis, deposits to exchanges are commonly read as tokens potentially being positioned for sale, while withdrawals are often associated with holders moving assets into self-custody, though neither signal is definitive on its own. Approximately 333.7 billion SHIB were withdrawn from exchanges, compared with deposits totaling 326.2 billion tokens, meaning withdrawals exceeded deposits by roughly 7.5 billion SHIB. However, separate figures reported negative netflows of 45.5 billion SHIB. Despite that discrepancy, the relatively close balance between reported deposits and withdrawals suggests that immediate changes in exchange selling pressure remain limited.

Price Faces Critical Support at $0.00000413

Shiba Inu's technical structure has weakened following a breakdown below its ascending support trendline in October. The move disrupted a recovery pattern that had been developing since July and left the cryptocurrency trading below its major moving averages.

The 200-period exponential moving average (EMA), a trend indicator that weights recent prices more heavily, remains a significant resistance level, with previous recovery attempts struggling to move above it, a dynamic that continues to limit the technical outlook for SHIB.

Source: TradingView

Momentum indicators likewise reflect ongoing weakness. The relative strength index (RSI) is hovering near 37, indicating bearish momentum, though the reading does not confirm that SHIB has entered oversold territory, a condition conventionally associated with RSI readings below 30. Trading volume has simultaneously declined toward its lowest levels in months, pointing to reduced participation from market buyers. Without stronger demand, the cryptocurrency could face difficulty establishing a sustained recovery.

What Happens If SHIB Breaks Below $0.00000413?

Market analysts identify $0.00000413 as a critical support level for SHIB — a price zone where prior buying interest has historically slowed declines. The price previously recovered from this area in July, making it an important level to monitor during the current downturn.

A breakdown below $0.00000413 could expose Shiba Inu to additional losses, particularly if buying demand remains weak. Conversely, defending this level could help prevent a further deterioration in the token's price structure.

For now, Shiba Inu's recovery prospects depend on renewed trading activity and whether buyers can maintain support around $0.00000413. High exchange reserves, declining volume, and persistent bearish technical indicators remain the key factors shaping the token's near-term market outlook.

Originally reported by Hokanews. Writer Marcus Renfield is a crypto market analyst and onchain writer who covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends, aiming to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.