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Shiba Inu rallies 5% but 144B SHIB netflow signals possible sell-off ahead

Technical Signals
20 Sep 2026
UToday
View Source
Bearish
Shiba Inu rallies 5% but 144B SHIB netflow signals possible sell-off ahead

Shiba Inu's price surged over 5% in 24 hours, reclaiming levels above $0.0000055 amid a broader crypto market upswing. However, on-chain data reveals a large net inflow of 144 billion SHIB tokens to exchanges, indicating sellers dominate and may trigger a sell-off. This unusual increase in exchange netflow during a rally suggests the price surge might be short-lived and not supported by strong buying demand. Traders remain cautious as SHIB could struggle to break past the $0.000006 resistance level despite recent optimism.

As of Sep 21, 2026 05:51 WIB, SHIB trades on Pluang at Rp0,0976 with a modest 1-day gain of 0.83%. Despite the article's note of a 5% price rally, Pluang data shows a dominant 69% sell order activity, highlighting cautious sentiment among traders. The circulating supply stands at 589.2 trillion tokens, with a market cap of Rp57.42 trillion, underscoring the scale of SHIB's presence on the platform.

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