Paul Bennett

🐕 SHIB Sees 207B Tokens Exit Exchanges - What’s Next? 🚨

Shiba Inu makes headlines as 207 billion $SHIB tokens left exchanges in just 24 hours, the largest outflow in months. Despite the massive move, price barely flinched, leaving traders curious 👀

📉 Outflows & Market Reaction

- 207B SHIB exited exchanges between Nov 15–16.

- Price remained stable near support due to weak momentum (RSI 39) and technical resistance.

- Investors are holding tight, signaling a neutral stance while awaiting new project announcements.

⚡ Technical Snapshot

- Current price below key moving averages - resistance levels untouched.

- Exchange withdrawals reduce sell-side pressure, but haven’t sparked upward moves yet.

- Historical patterns suggest prolonged outflows can eventually influence trends, but timing is unpredictable.

🚨 Expert Take:

$SHIB holders are playing the long game. Tokens are leaving exchanges, but without strong buying pressure, the market remains flat. Watch for breakout attempts above resistance - that’s when things could get interesting.

#SHIB #BTC, is the correction enough?#

WhiteBIT Chart (5D): $SHIB