According to external sources, the recent decline in exchange reserves in Shiba Inu (SHIB) has not improved. Market concerns have shifted to a critical support area, which may determine whether SHIB is going to be stable on short lines or continue to explore.

According to the article, the overall movement of SHIB had been weaker after it had fallen through a support line that had maintained for months. Since then, prices have attempted to return to the top of the lost area, but have again been blocked, indicating that the original support has shifted to a new level of pressure. The seller took the initiative until the structure was reversed.

Money is still declining.

With regard to the data on the chain, the SHIB reserve held by the money is continuing to decrease, which means that a large number of coins are being transferred from trading platforms. The decline in exchange balances usually reduces short-term shocks and is often seen as a positive signal in the medium to long term.

However, according to the article, the decline in reserves was not in itself sufficient to drive a price rebound. The current market, which lacks new and stronger buys, has not offset the overall weakness. In other words, the supply-side pressure has eased, but the demand-side has not increased simultaneously.

Critical support is on the line.

There are three main reasons why analysts focus on the current supporting areas. First, it is a more important demand area on the chart, which has in the past attracted buy-in and prevented further decline. If this position is taken over again, SHIB might have a chance to test the upper pressure up.

  • Current prices are close to critical demand areas
  • The pre-defunct area is still under pressure.
  • The decline in exchange reserves has not yet turned into a rebound.

Second, SHIB is still maintaining a series of lower and lower points, indicating that the overall lower structure is not over. Repeated rebounds over the past few weeks have failed to produce a clear reversal of the trend, with prices falling again every time they approach the stress zone.

Repeatedly, they were blocked.

The article also mentioned that SHIB had tried many times to recover the previously lost support areas, but none had succeeded. This repeated obstruction suggests that the pressure on sales above remains significant and reduces the space for multiple recovery.

Short-line rebounds may continue to be limited if the buyout fails to push prices back to the region. On the contrary, the market may face a more rapid downswing if the current support fails, as some of the holders may opt out.

Overall, SHIB is in a more sensitive position. On the one hand, the decline in exchange reserves shows a marginal easing; on the other hand, the price structure remains weak. According to external sources, there is still a risk that SHIB will continue to remain low until it is back at critical stress levels.