133 Billion SHIB Moved Off Exchanges – Shiba Inu Just Flashed a Big Bullish Signal

After months of being stuck under pressure, the SHIB price is finally showing some movement. 

Since mid-February, a descending trendline had been holding SHIB back, pretty much shutting down every recovery attempt it tried to make. But yesterday that changed. SHIB finally managed to close above that line on the daily chart, and that’s definitely turning some heads among traders and investors.

This isn’t happening out of nowhere. On-chain data shows more than 133 billion SHIB leaving exchanges in the last 24 hours. That’s a huge amount heading into personal wallets or cold storage, which generally means less selling pressure in the market. Simply put, more coins are being held rather than dumped, quietly supporting the SHIB price.

A Closer Look at the SHIB Chart

We had a look at the chart shared by TheCryptoBasic, and there’s plenty to notice. SHIB is stuck between the 50-day and 100-day simple moving averages. On the bright side, buyers just managed to reclaim the 50-day SMA at $0.00000591. That’s not a huge win, but it’s a meaningful one, it gives the market a short-term floor to stand on.

The 100-day SMA at $0.00000673, though? That’s still acting like a ceiling. It’s been capping any upward moves for months now. If SHIB can actually close above that level on the daily chart, that would be the clearest sign yet that the bulls are starting to gain some real traction.

Since SHIB hit that bottom near $0.00000500 back in February, it has been forming higher lows, a steady, quiet climb, almost like buyers are sneaking in without making too much noise, even though trading volume is still pretty low. 

Low volume after a big sell-off is typical during accumulation phases, when coins change hands gradually and the market quietly prepares for the next move.

On-Chain Moves Add Confidence

Looking beyond the charts, on-chain activity tells a similar story. The total SHIB held on exchanges has dipped slightly, which can reduce the immediate selling pressure. The negative exchange netflow has also accelerated by 9.46% over 24 hours, showing that coins are leaving exchanges faster than they’re coming in.

This pattern is encouraging because coins leaving exchanges usually end up in longer-term storage rather than being sold immediately. Paired with higher lows and the reclaim of the 50-day SMA, these moves add a subtle positive tilt under the SHIB price.

Read Also: Bitcoin’s 50‑Day Consolidation Ends in 11 Days – Here’s Where BTC, ETH, XRP, Solana, and Avalanche Are Headed

What’s Next for the SHIB Price

The SHIB price is in a cautious but promising phase. The downtrend is losing steam and accumulation is quietly happening in the background. The big level to watch now is  the 100-day SMA at $0.00000673. 

If SHIB can close above that, it would send a pretty strong signal that the market might finally be ready for a more noticeable move higher. For now, SHIB is climbing out of its long stretch of decline. 

Coins leaving exchanges, higher lows forming, and the recent breakout above the descending trendline all point to a market that’s slowly warming up. If buyers continue stepping in, the next few days could be telling, and clearing the 100-day SMA might finally open a clear path for the SHIB price.

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