Shiba Inu breaks above $0.000005 as exchange flows send mixed signals

Shiba Inu rose about 5.5% on the latest daily candle to roughly $0.00000521, breaking above the $0.000005 area and its moving average near $0.00000489. The move followed an earlier recovery from $0.00000474 to $0.00000493 that added about $425 million to SHIB’s market capitalization, while a separate earlier report cited a 9.87% daily gain during a broader rally in which Bitcoin and XRP rose more than 15%. The latest exchange data is mixed: total netflow fell by about 811 billion SHIB to roughly positive 212.3 billion, down from levels above 1 trillion, while total inflows rose 1.85% to about 1.007 trillion SHIB and the seven-day average of mean inflows increased 26.36% to 1.286 billion. Exchange reserves also rose 0.24% to 87.39 trillion SHIB, but outflows remained heavy at about 748 billion. Active and receiving addresses increased 1.15% and 1.12%, respectively, indicating broader activity rather than a one-sided rush to sell. The latest RSI near 67.4 puts SHIB close to overbought territory. A sustained break above $0.000005 could open a path toward $0.0000055-$0.0000057, although profit-taking risk is increasing and the token remains below the longer-term moving average at $0.00000574. Earlier exchange data had shown negative netflow of about 207.3 billion SHIB and a 0.24% reserve decline; the differing readings reflect separate updates and should not be treated as a single continuous measurement.

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