"Selling pressure gone"...Shiba Inu volume, 'swept up' by whales

▲ Shiba Inu (SHIB)

Shiba Inu (SHIB) is sending strong signals that it is ending its downtrend and entering a new rebound phase, securing price support along with a large outflow of volume from exchanges.

U.Today, a virtual asset media outlet, reported on April 11 (local time) that approximately 260 billion SHIB had moved from centralized exchanges to external wallets over the past 24 hours. This massive outflow indicates that investors are moving their assets to personal wallets for long-term holding rather than selling them, significantly alleviating immediate selling pressure in the market. A continuous decrease in exchange balances leads to a shortage of circulating supply, laying the groundwork for future price increases.

Market analysts have diagnosed this movement of volume as a significant indicator implying a structural change for Shiba Inu. This is not merely a price rebound; the decrease in exchange supply is accompanied by an increase of over 1% in active addresses, indicating increased participation across the entire ecosystem. This suggests that the confidence of actual holders is strengthening beyond simple speculative demand.

From a technical perspective, Shiba Inu has stopped its long-term decline and is forming a gentle upward structure with rising lows. Although the current price shows compression below the descending resistance line, the pattern of progressively higher lows is interpreted as a typical energy accumulation process before a major volatility event. The fact that the Relative Strength Index (RSI) is currently in a neutral zone also supports the technical room for further upside without overheating.

Movements of fund reallocation by large holders, known as whales, are also being actively detected. Analysis of top transaction volumes shows large sums of money actively moving, suggesting that the forces driving the market consider the current price level an opportune time for accumulation. These changes in on-chain data are starting to align with price chart trends, raising expectations for a market reversal.

Shiba Inu is seeking price stabilization based on the positive dynamics of decreasing supply and sustained demand. Although macroeconomic uncertainties remain in the short term, the continuous outflow of volume from exchanges to external wallets becomes a key driver for ensuring downward rigidity. Investors are closely monitoring market trends, placing weight on the possibility that Shiba Inu could begin a significant rally if a strong catalyst emerges to break through the current consolidation phase.

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