Shiba Inu Alert: 208% Exchange Netflow Spike Signals Massive SHIB Sell-Off Risk

Shiba Inu (SHIB) Under Pressure as Exchange Netflow Spikes 208% — Bearish Signals Mount

Shiba Inu (SHIB) faces renewed selling pressure after a sharp 208% surge in exchange netflow deposits over the last 24 hours, according to CoinGlass data. Positive netflow — where more tokens move onto platforms than off — typically signals preparation for sell-offs, creating a bearish overhang that could undermine any short-term recovery attempts.

At the time of writing, SHIB trades at approximately $0.00000608, down 1.24% over the past 24 hours. Trading volume has also declined by 6.73%, settling at $149.91 million. The meme coin has lost more than 53% of its value year-to-date, with an additional 6.62% drop over the past 30 days. While SHIB posted a 4.87% weekly gain and briefly rallied 17% earlier this week, the momentum now appears fragile.

Exchange Inflows Signal Profit-Taking and Exhaustion

The dramatic increase in deposits suggests a portion of holders are choosing to exit positions rather than hold through continued volatility. Some may be locking in gains from the recent weekly rally, while others could be exhausted by SHIB’s prolonged underperformance.

Meme coins are highly reactive to sentiment shifts, and a wave of supply hitting exchanges can quickly reverse gains. If the inflow trend persists, it could erase the recent seven-day advance and push SHIB toward lower support levels. The broader meme coin landscape adds context: Dogecoin continues to show relative resilience and upside potential, potentially drawing capital away from SHIB as traders seek more stable exposure within the sector.

Golden Cross Fails to Sustain Momentum

Just 48 hours ago, SHIB completed a golden cross on the hourly chart — when a short-term moving average crosses above a longer-term one — typically viewed as a bullish technical signal. The price climbed 8% during that period, contributing to the broader weekly gain.

However, technical signals alone have not produced sustained follow-through. The golden cross raised expectations, but the current influx of exchange deposits indicates traders are not fully convinced the rally will hold. This divergence between bullish chart patterns and bearish on-chain flow is a classic warning sign in meme coin markets.

Community Burn Activity Provides Counterbalance

The Shiba Inu community remains active in supporting the token. Over the weekend, more than 4 million SHIB tokens were burned, boosting the burn rate by 63%. Token burns reduce circulating supply and are intended to create long-term upward pressure through scarcity.

While burns offer a positive fundamental counterweight, their impact tends to be gradual and long-term rather than immediate. In the short term, exchange inflows and selling pressure appear to outweigh burn-driven sentiment.

Outlook: Downside Risk Persists Until Sentiment Shifts

SHIB’s current setup reflects a classic meme coin tension: community support and occasional technical signals versus real-world selling pressure and macro caution. The 208% netflow spike is a clear bearish warning that could cap any near-term upside.

Key levels to watch:

• Resistance: $0.0000065 — a break above with volume would weaken the bearish case.
• Support: $0.0000058–$0.0000060 — a break below risks retesting lower levels near $0.0000055.

The weekly gain of 4.87% and brief 17% rally earlier this week showed potential, but the sharp increase in exchange deposits suggests that momentum may be fading. Traders should remain cautious, as meme coins can reverse quickly when sentiment shifts.

The combination of rising inflows, declining volume, and lack of sustained follow-through after the golden cross indicates downside risk remains elevated. A break below $0.0000060 support could accelerate selling, while a decisive move above $0.0000065 with renewed volume would be needed to invalidate the bearish signals.

SHIB’s price action continues to be driven by sentiment rather than strong fundamentals. Until exchange outflows return and broader meme coin momentum strengthens, the token remains vulnerable to further pressure.

Milcho Atanasov publication: "Shiba Inu Alert: 208% Exchange Netflow Spike Signals Massive SHIB Sell-Off Risk" was written for 24crypto.news

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