The post Shiba Inu Price Breaks Bullish Pattern as Exchange Supply Falls 1% appeared on BitcoinEthereumNews.com.

While Bitcoin has been setting new all-time highs, Shiba Inu still appears to be warming up its rally. Over the past 24 hours, the Shiba Inu price has climbed nearly 4%, joining the broader market push. The 7-day gains are even more impressive, at around 15%. But if you’re looking for deeper upside, it might not be wise to discount SHIB yet — the token has just broken out of a bullish symmetrical triangle. Still, two on-chain metrics are sending conflicting signals, suggesting that prices could swing either way depending on which side gains the upper hand. Exchange Supply Shrinks, Giving Bulls More Room Whenever an asset breaks out of a bullish pattern, one of the first metrics to watch is exchange reserves — because they show how much supply could be sold instantly. In SHIB’s case, July 31 balances were 122.54 trillion tokens, dropping to 121.31 trillion by August 11 — a nearly 1% decline. This signals reduced sell pressure, creating favorable conditions for bulls to extend the Shiba Inu price rally. Shiba Inu price and a drop in exchange supply: Glassnode What’s worth mentioning is that post the August 11 exchange supply dip to the monthly lows, the Shiba Inu (SHIB) price started surging. Similar supply-led price moves were seen earlier this month: July 24 and August 6. However, as the price rose, the exchange supply increased slightly from the August lows. Hence, traders should closely monitor SHIB’s balance on exchanges. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Spent Coin Age Bands Flash Warning: The One Risk To Rally? While shrinking exchange reserves are bullish, the rise in Spent Coin Age Bands could counter that momentum. This metric shows when older, previously dormant coins…

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Filed under: News - @ August 14, 2025 9:27 am