SHIBA INU priceSHIB

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Shiba Inu (SHIB) may not be showing much strength on the price chart yet, but the on-chain data is telling a different story. While the market still looks shaky, many investors seem to be quietly moving their tokens off exchanges instead of getting ready to sell. Over the last 24 hours, around 205.6 billion $SHIB was sent to exchanges, while about 256.5 billion SHIB was withdrawn. That leaves a net outflow of roughly 50.8 billion SHIB. In crypto, this is usually seen as a positive sign. When more coins leave exchanges than enter them, it often means investors are moving their holdings into private wallets, which usually suggests they are planning to hold rather than sell. ✅ More People Are Still Using the Network There are a few other signs worth paying attention to. The number of active SHIB addresses went up by around 1%, and both sending and receiving addresses also increased slightly. That tells us people are still using the network even though the price has been under pressure. Normally, when a token is going through a tough period, network activity drops as well. That hasn’t really happened with SHIB, which could mean interest in the project is still holding up. Another positive sign is that the amount of SHIB sitting on exchanges continues to fall. With fewer tokens available on exchanges, there is less supply ready to be sold immediately. If buying demand picks up later, that lower supply could help support a stronger price move. 📊 The Price Still Has Work to Do Even with these positive on-chain signals, the chart is still not looking great. SHIB recently broke below a rising wedge pattern that had been forming for months. That breakdown brought heavy selling and pushed the price below several important moving averages. Although the token has seen a small bounce, it is still trading below key resistance levels. This creates an interesting situation. The chart is still showing weakness, but the blockchain data suggests investors are slowly accumulating SHIB behind the scenes. For now, buyers haven’t completely taken control, but they’re becoming more active. If $SHIB continues seeing daily exchange outflows of tens of billions of tokens. This correction could end up being a period of quiet accumulation before the next recovery begins, especially if the overall crypto market starts improving.

$SHIB about to take off guys