Shiba Inu (SHIB) is on a mission to recover the money it lost from May 6 to June 14. This remarkable journey has led to SHIB having its longest intraday winning streak since 2021. During this upsurge, investors have taken away 3.9 trillion tokens from exchanges, which suggests they plan to hold on to them.

A Shiba Inu is Attempting to Reclaim $0.00001

Shiba Inu has been trading below its desired price of $0.000010. Over the course of a month, it has dropped beneath the support levels of $0.000010, $0.000009, $0.000008, and $0.000007. It is now trying to make a comeback to these levels.

Shiba Inu has seen an increase of 11.45% due to the current recovery effort. Since June 15, SHIB has been experiencing regular intraday gains for six days in a row. The last time it observed such a long streak of intraday gains was in October 2021, shortly before reaching its all-time high.

The Shiba Inu token has been struggling to reach the $0.00001 mark, and it hasn't been an easy journey. Its highest value in the past week has been $0.00000755, and there is a strong resistance at the $0.000008 mark.

The Shiba Inu token has yet to surmount the mental barriers at $0.000008 and $0.000009 in order to reach its goal of $0.00001. Progress has been made in that the token has already achieved the level of $0.000007, but it was not able to take advantage of yesterday's market-wide surge to reach the $0.000008 level.

A great number of Shiba Inu investors acquired more than 15 trillion SHIB tokens between the costs of $0.00000701 and $0.00000800. This huge accumulation has caused a tremendous obstacle at this rate due to the possibility of selling pressure.

Around 3.9 trillion SHIB tokens have been withdrawn from exchanges

Investors remain unfazed by the opposition, continuing to move their Shiba Inu tokens away from exchanges. This has kept the bullish sentiment alive. According to CryptoQuant, a market data provider, 3.9 trillion SHIB have been taken off exchanges since June 14.

The Shiba Inu Exchange Outflow statistic has experienced some periodic increases in the last seven days. The highest happened on June 14, with a total of 702.9 billion SHIB shifted away from exchanges. On June 18, another huge outflow of 678.9 billion SHIB was registered.

Even though we have seen a similar rise in the amount of tokens coming into exchanges, the netflows have been mainly negative in the last week. That means that more tokens were taken out of exchanges than put in. In the last seven days, the total for SHIB exchange netflow was -683.59 billion tokens.

Investors tend to be optimistic when they withdraw their coins from exchanges and keep them in a safe, offline storage.

HYIPer.net » Investors withdrew 3.9 trillion SHIB tokens from exchanges to HODL for long