Shiba Inu (SHIB) is experiencing increased buyer interest with higher lows indicating a potential uptrend and bullish momentum.
Higher lows signify a trend reversal and growing investor confidence for Shiba Inu, aiming to reclaim intraday resistance at $0.00001491.
Large investors accumulating SHIB tokens is suggested by the -34.1 trillion SHIB netflow from exchanges, indicating a shift towards long-term holding and reduced selling pressure.
Steady user activity is noted for Shiba Inu, with coins exiting exchanges for cold storage purposes, while the burn rate of SHIB has surged by 17,930% recently, enhancing its bullish outlook through reduced supply.