To gauge the strength of selling pressure, exchange net inflows are the most direct on-chain indicator. A sharp drop in net inflows means holders are no longer moving coins to exchanges. Sell-side liquidity thins, and prices often begin to recover when sentiment is at its lowest.
SHIB is currently at 0.00000538, down 1.5% over 24 hours, with net inflows having shrunk to 65 billion tokens. Sellers are stepping back. 0.0000052 can initially be treated as a support zone, while holding above 0.0000058 would confirm that selling pressure has been cleared.
The same applies to OP: currently at 0.1414, up 4.4% over 24 hours, with price and volume strengthening together—a recovery following seller exhaustion.
#SHIB
SHIB is currently at 0.00000538, down 1.5% over 24 hours, with net inflows having shrunk to 65 billion tokens. Sellers are stepping back. 0.0000052 can initially be treated as a support zone, while holding above 0.0000058 would confirm that selling pressure has been cleared.
The same applies to OP: currently at 0.1414, up 4.4% over 24 hours, with price and volume strengthening together—a recovery following seller exhaustion.
#SHIB