Shiba Inu drops sharply as SHIB exchange reserves surge 600% per CryptoQuant

Traders Union
All News
Crypto
Shiba Inu drops 7.19% today

Highlights

Shiba Inu exchange reserves jumped 600% to 80 trillion tokens as major holders moved assets back onto exchanges, signaling a shift from long-term holding.
This dramatic influx reverses earlier outflows and increases sell-side risk, heightening downward liquidity pressure on SHIB.
SHIB/USD trades firmly below key moving averages with most momentum indicators oversold, projecting a high-probability range of $0.00000397 to $0.00000442 and persistent bearish bias.

Exchange reserves surge as large holders drive renewed selling risk

On June 24, 2026, Shiba Inu exchange reserves surged by 600% to around 80 trillion tokens as large holders shifted assets back onto exchanges, marking a significant move away from long-term holding and increasing available supply, according to CryptoQuant. This influx represents a reversal of prior outflows earlier in the year and creates the potential for intensified sell-side activity, placing additional pressure on the token’s liquidity dynamics. In the preceding period, Blockonomi reported that between May 1 and June 1, 2026, 1.101 trillion SHIB tokens had exited Binance as balances of Bitcoin and Ethereum increased, highlighting shifting behavior among major holders that has now decisively turned toward active exchange participation.

Oversold signals deepen as technical resistance caps weak rebound

SHIB/USD is positioned below the 20-, 50-, and 200-day moving averages at $0.00000437, $0.00000446, and $0.00000641, respectively. The Ichimoku Kijun sits at $0.00000439 and forms immediate resistance overhead. Among momentum signals, the Moving Average Convergence Divergence (MACD) points to a Sell, the Average Directional Index (ADX) is Neutral, while both the Relative Strength Index (RSI) and Commodity Channel Index (CCI) are in oversold territory. Stochastic RSI also registers an oversold reading, and the Awesome Oscillator confirms a bearish undertone. Bull/Bear Power signals some intraday buyer pressure, diverging from the predominantly negative momentum profile.

Downside risk elevated as consolidation persists within tight range

Over the next two to three trading days, SHIB/USD is expected to trade within a range of $0.00000397 to $0.00000442 as sideways consolidation remains the base scenario. The probability of an upward reversal is considered very low, while the risk of further downside below $0.00000397 remains elevated. Should bullish momentum develop, immediate resistance is encountered at $0.00000439, but most indicators currently point toward continued pressure within the present volatility band.

Anton Kharitonov, expert at Traders Union, sees clear signs of continued weakness in Shiba Inu as major holders return tokens to exchanges and technical indicators flash bearish signals. He notes that the sharp 600% surge in exchange reserves points to a sentiment shift away from accumulation, increasing the risk of further downside. Base scenario remains sideways to lower, with limited chances for a quick rebound. "As long as SHIB stays anchored below key moving averages and large holders keep adding supply to exchanges, I see no tactical buy opportunity here."

Earlier, analysts noted that Shiba Inu was facing persistent bearish momentum and limited prospects for a near-term reversal. With recent data showing a sharp increase in SHIB exchange reserves and oversold momentum signals, traders should closely monitor for any breakdown below $0.00000397, as further downside remains a distinct risk under current market conditions.

Source of Data: SHIB Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.