Shiba Inu Exchange Outflows Climb Amid Bearish Technical Signals

Shiba Inu's price rebound has been met with conflicting signals from on-chain data and exchange outflow metrics. According to CryptoQuant, Shiba Inu exchange outflows have trended upward in recent days, rising from 163 billion tokens on March 21 to approximately 497.75 billion tokens on March 23.

Typically, rising outflows signal strong accumulation as investors move SHIB from exchanges into private wallets for long-term holding. This could offset bearish signals and reduce immediate selling pressure.