The post Shiba Inu Exchange Reserves Plunge to 12-Month Low as Golden Crossover Signals Rally appeared on BitcoinEthereumNews.com.

Shiba Inu exchange reserves drop to 83.8 trillion tokens creating tighter liquidity conditions. Golden crossover pattern emerges at $0.00001358 mirroring May 2025 setup. Technical resistance break could deliver 33-38% surge toward $0.00001867. Shiba Inu’s exchange reserves have declined to 83,803,217,156,857 tokens, marking the lowest level in over 12 months according to CryptoQuant data. The current reserve total valued at approximately $1.14 billion at today’s price of $0.00001358 indicates reduced selling pressure from exchange-held tokens. The decline from over 150 trillion tokens held on exchanges during 2024 suggests market participants are moving SHIB into private wallets for longer-term holding. This supply reduction on centralized platforms creates conditions for price expansion when buying demand increases. CryptoQuant Reduced exchange inventory typically leads to higher volatility during price movements as fewer tokens are available for immediate sale. The 15% weekly gain for SHIB occurs alongside this supply tightening, creating favorable conditions for continued appreciation. Golden crossover replicates May 2025 breakout pattern Technical analysis reveals a fresh golden crossover formation where the 20-day exponential moving average has crossed above the 50-day EMA at $0.00001358. This bullish signal matches the identical pattern that occurred in May 2025 around the $0.00001320 level. The May crossover preceded a 34% rally that pushed SHIB from $0.00001320 to $0.00001765, validating the pattern’s predictive value for momentum shifts. The current crossover’s emergence at nearly identical pricing suggests potential for similar percentage gains. Golden crossover formations indicate short-term momentum gaining strength over longer-term trends, typically preceding sustained upward movement. The convergence of reduced exchange reserves and technical crossover signals creates dual catalysts for price advancement. Current price action shows SHIB testing resistance near $0.00001421, with key supply zones identified at $0.00001468, $0.00001577, and $0.00001765. Breaking through these levels would open pathways toward $0.00001809 and $0.00001867 targets. The potential advance to $0.00001867 would…

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Filed under: News - @ July 16, 2025 11:27 pm