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Shiba Inu ends 4-day token outflow streak, signaling potential market correction.

Market News
11 Jun 2026, 14:29 WIB
UToday
View Source
Neutral
Shiba Inu ends 4-day token outflow streak, signaling potential market correction.

Shiba Inu (SHIB) saw a positive exchange inflow of about 17.9 billion tokens after four days of heavy outflows, which could indicate the start of a market correction. However, despite this bullish sign, SHIB's price remains suppressed below key moving averages and in a downtrend, with weak buying momentum and resistance at the $0.0000052-$0.0000055 level. The market shows accumulation behavior but lacks strong buying pressure, suggesting that the recent bounce is more a stabilization than a clear reversal. For a sustained recovery, SHIB needs to break above these resistance levels and gain stronger buyer interest.

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