Shiba Inu gains 0.89% as 61.73 billion SHIB netflow raises supply pressure

  • Shiba Inu rose 0.89% to $0.00000545 as exchange supply increased.
  • Exchanges recorded 193.32 billion SHIB inflows and 131.59 billion outflows.
  • SHIB faces resistance at $0.00000548 and support near $0.00000541.

Shiba Inu (SHIB) rose 0.89% in 24 hours to $0.00000545, slightly outperforming the broader cryptocurrency market, but exchange activity points to increased near-term supply pressure. Inflows reached 193.32 billion SHIB against 131.59 billion in outflows, leaving netflows of about 61.73 billion tokens and marking an approximately 75 billion SHIB increase from the previous reading. Exchange inflows do not necessarily indicate an intention to sell, but sustained positive flows can increase the supply available for trading as SHIB tests resistance at $0.00000548. Exchange reserves stood at about 87.36 trillion SHIB, up 0.07% over the latest day, while their dollar value rose 0.44% to roughly $477 million. Open interest also increased almost 19%, adding leverage-related volatility. SHIB has recovered about 24% from its August low near $0.0000044, with support at $0.00000541 and lower levels near $0.00000533 and $0.0000051 to $0.0000052. A break above $0.00000548 would bring the $0.0000056 to $0.0000057 zone and the 200-day moving average near $0.00000568 into focus. Traders are also monitoring the United States CPI report scheduled for September 11.

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