-192,633,232,960.9718 Shiba Inu (SHIB) in 24 Hours: Another Bullish Weekend?

What matters is the context. The price was still low when this outflow took place. This implies that instead of chasing candles, buyers are quietly absorbing supply. Although it lessens the pressure to sell right away, there is no assurance of an increase.

The likelihood of a brief bounce or squeeze rises if this behavior persists into the weekend, particularly if overall market conditions do not worsen. The primary invalidation is clear. The bullish implications of the outflow would be negated by a clear breakdown below the present consolidation base.

On the plus side, SHIB must recover and maintain the 50 EMA. Any higher move would still be a countertrend rally without that.

In summary, SHIB is not yet bullish, but it is also no longer blaringly weak. Instead of capitulation, the exchange outflow points to astute money positioning. A relief rally is possible if volume increases and price does the same. If not, more sideways movement should be anticipated before the market makes a move.