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Shiba Inu sees 552B token outflow, weakening 100 EMA resistance hints at possible breakout.

Technical Signals
05 May 2026
UToday
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) is showing signs of recovery after a long decline, with a significant outflow of 552 billion tokens from exchanges reducing sell pressure. The 100-day EMA resistance, which had been a strong barrier, is weakening as the price tests it repeatedly. This creates potential for a breakout supported by lower exchange inflows and decreased selling activity. Traders should watch for increased volatility as the price approaches key resistance levels, with a breakout potentially leading to a market recovery or continued consolidation if it fails.

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