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Shiba Inu sees 522 billion token outflow in 24 hours, halting its recent price recovery.

Technical Signals
07 Aug 2026
UToday
View Source
Bearish
Shiba Inu sees 522 billion token outflow in 24 hours, halting its recent price recovery.

Shiba Inu (SHIB) experienced a significant outflow of 522 billion tokens in the past 24 hours, reversing earlier accumulation trends and stalling its recent price recovery. The token failed to break the key resistance at $0.00000500, with declining momentum and active selling pressure near resistance levels. SHIB remains below major moving averages, indicating a bearish trend, and must regain the $0.00000500 level to resume upward momentum. The sharp outflow suggests cautious market sentiment and weak buying interest, putting the recent recovery attempt in jeopardy.

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