#Shibalnu #RFKJr.RunningforUSPresidentin2028 #SHIBUSDT #SHIBA🚀 The main reason for Shiba Inu's fall is the enormous supply on exchanges, which is finally declining.

A crucial on-chain milestone that could have a big impact on Shiba Inu's market behavior is coming up.

This level has historically served as a significant structural threshold for the asset. Exchange balances are currently only marginally above that threshold, with about 500 billion SHIB remaining before the market might break below the long-standing barrier.

At $0.0000053, SHIB is currently trading within the ongoing downtrend that has influenced the asset's performance for months. The token's price action is still poor, with it continuously setting lower highs and failing to recover important moving averages like the 26 EMA and the longer-term trend indicators. These technical indicators verify that the overall structure is still dominated by bearish pressure.

SHIB is currently caught between these two dynamics from a market standpoint. Although the reserve metric suggests a potential structural shift if supply on exchanges keeps declining, the chart is still technically bearish.

The most important thing for investors to keep an eye on is whether reserves eventually drop below the historic 80 trillion token threshold. This could lessen sell-side pressure and possibly pave the way for a more robust recovery. Until then, Shiba Inu is still limited by a significant amount of tradable supply that is sitting on exchanges as well as poor technical momentum