Shiba Inu Faces Intense Selling Pressure as Exchange Inflows Surge

• Shiba Inu faces heavy selling as billions flow into exchanges.
• SHIB struggles near $0.0000105 amid weakening market momentum.
• Traders brace for potential retests below $0.0000095 as pressure builds.

Shiba Inu is facing a critical period as increased selling pressure grips the market. According to on-chain data, nearly 138 billion SHIB tokens have been transferred to exchanges, signaling that traders are preparing to sell amid persistent technical weakness. The notable rise in exchange inflows reflects a shift in market sentiment as holders move assets from cold storage to trading platforms, often a sign of increased selling activity.

After a brief recovery attempt, SHIB remains around $0.0000105, struggling to break above its previous support zone between $0.0000117 and $0.0000122. This area has now turned into resistance, adding to the bearish tone. The token’s price pattern shows it confined within a descending triangle, and the 200-day EMA sitting well above the current price suggests deep exhaustion in the market.

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Market Weakness Deepens as SHIB Nears Key Support Levels

The recent decline began in early October when SHIB slipped below the psychological $0.0000100 level after breaking its long-term ascending support. Despite a brief positive netflow of more than 150 billion SHIB on October 15, this movement likely indicates temporary stabilization rather than a sustained rebound. Historically, sharp inflows to exchanges tend to precede periods of high volatility as liquidity gathers before further distribution.

SHIB could retest lower levels around $0.0000095 or even $0.0000085, aligning with past accumulation zones. Without strong buy volume, these areas might come under pressure as the token struggles to attract new demand. Momentum exhaustion remains a pressing concern as both technical indicators and community activity show weakening strength.

Currently, trading volumes are dropping and sentiment continues to fade. In the short term, SHIB’s outlook remains tilted toward further declines. The $0.00001 price range, once a firm support zone, now represents a fragile survival area for the token amid widespread selling sentiment and limited signs of recovery.

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