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Shiba Inu Trading Activity Nears Lows Amid Weak Volume and On-Chain Metrics
Shiba Inu trades near $0.00000517 after several weeks of steady pressure. The token reached a local high near $0.00000627 in late September before slipping below key moving averages. The Relative Strength Index remains near 40, pointing to weak momentum. Exchange reserves stand near 87.1 trillion SHIB, with netflows negative at around 98.9 billion SHIB. The average amount of tokens leaving exchanges over seven days dropped 42%, while average inflows declined 14%. Daily transactions remain close to 4,800, while transfers sit near 3,700.