Shiba Inu tops $0.0000042 as exchange outflows and bullish derivatives boost sentiment

Key takeaways Shiba Inu (SHIB) trades above $0.0000042 after breaking above a key descending trendline. Five consecutive days of exchange outflows suggest investors are moving SHIB into private wallets, reducing selling pressure. Derivatives data remains bullish, with positive funding rates and a long-to-short ratio favoring buyers. Shiba Inu (SHIB) extended its recovery on Tuesday, trading […] The post Shiba Inu tops $0.0000042 as exchange outflows and bullish derivatives boost sentiment appeared first on CoinJournal.