Shiba Inu is back in the spotlight as over 64 billion SHIB moved across exchanges within the last 24 hours.
Rising exchange inflows and growing reserves often signal increased market activity, but the charts are showing caution. SHIB has slipped below key support levels and major moving averages, putting bearish pressure on the token.
With RSI approaching oversold territory, traders are watching closely for signs of a potential bounce. For any meaningful recovery, SHIB will need to reclaim the $0.00001100–$0.00001150 zone and turn it back into support.
Will the SHIB army step in, or is more volatility ahead?
BingX
