🚨Shiba Inu Rebounds as 202 Billion SHIB Netflow Points to Renewed Bullish Momentum $ONE
Shiba Inu rose over 7% to around $0.000005103 after recording a net exchange outflow of roughly 202.2 billion SHIB on September 17, tightening sellable supply and reversing the sell-off triggered by the Clarity Act's failed Senate advancement. However, the bullish signal is questionable: the 7-day average outflow has already dropped about 78% from recent highs, netflow briefly turned positive, on-chain activity surged 216% without matching buying pressure, and RSI has fallen below 50 with the long-term moving average near $0.00000565. Key support sits at $0.00000480, with resistance at $0.00000520–$0.00000530. The rebound hinges on whether the withdrawal trend persists — if funds flow back to exchanges, the rally could stall near current levels.
Shiba Inu rose over 7% to around $0.000005103 after recording a net exchange outflow of roughly 202.2 billion SHIB on September 17, tightening sellable supply and reversing the sell-off triggered by the Clarity Act's failed Senate advancement. However, the bullish signal is questionable: the 7-day average outflow has already dropped about 78% from recent highs, netflow briefly turned positive, on-chain activity surged 216% without matching buying pressure, and RSI has fallen below 50 with the long-term moving average near $0.00000565. Key support sits at $0.00000480, with resistance at $0.00000520–$0.00000530. The rebound hinges on whether the withdrawal trend persists — if funds flow back to exchanges, the rally could stall near current levels.
