- Shiba Inu (SHIB) faces heavy selling pressure after a massive 7.5 trillion token outflow, pushing its price toward key support levels.
- A recovery is possible if SHIB reclaims $0.000019, but failure to hold above $0.000016 could trigger a deeper drop.
ShibaInu (SHIB) is facing intense selling pressure after a staggering 7.5 trillion tokens flowed out of the market. This massive movement signals a shift in investor sentiment, sparking fears of a deeper decline.
Why Is SHIB Dropping?
SHIB has struggled to hold key support levels, and the sudden spike in outflows has only made things worse. According to on-chain data, the seven-day outflow jumped by an astonishing 699.84%. This suggests that major holders are offloading large amounts of Shiba Inu, possibly due to concerns over its short-term price action.
At the same time, large holder inflows surged by 455.78%, meaning some whales are still buying. This could help stabilize the market, but the overall trend remains uncertain.
Panic Selling and Liquidity Shifts
Retail investors appear to be panic-selling as critical support levels collapse. Many are moving their assets to other cryptocurrencies with better short-term prospects. SHIB is now hovering around $0.000016, trying to find stability.
However, the situation remains fragile. The failure to hold above $0.000016 could send SHIB tumbling further, with the next major support at $0.000013. If that level breaks, SHIB may even drop to $0.000010, adding another zero to its price.
Can ShibaInu Recover?
For SHIB to regain its bullish momentum, it must reclaim $0.000019 and push past the $0.000020 resistance. If it manages to break this barrier, SHIB could climb toward $0.000022 and beyond.
While the 7.5 trillion outflow is concerning, a strong recovery is still possible. Bulls need to step in and push SHIB back above key resistance levels. If they fail, further downside may be inevitable.
Investors should watch SHIB’s price closely. If it stabilizes and regains strength, a rebound could be in the cards. Otherwise, the token may face more selling pressure in the days ahead.
