Shiba Inu has switched to net inflows after four consecutive days of net outflows from exchanges, but the price has failed to build a clear rebound.

U.Today, a blockchain outlet, reported on June 11 that SHIB recently posted a daily net inflow of about 17.9 billion tokens.

Net outflows from exchanges are generally interpreted as a signal that immediately reduces selling pressure. SHIB saw tokens move off exchanges over several previous trading days, and on one day more than 300 billion SHIB left trading platforms. Even after the shift to net inflows, market reaction has been limited.

Price action is more conservative. SHIB is trading below major moving averages, and the broader trend remains in a strong downtrend. Market structure changed sharply after an ascending channel that supported prices from March to May broke down, and selling pressure has increased with each rebound attempt since then.

Recent moves were similar. SHIB plunged to around $0.0000045, then briefly stabilized and edged up. But upside momentum was limited even as exchange flows improved. The 50-day and 100-day moving averages still act as overhead resistance, and the price has not moved far from local lows.

A divergence between on-chain data and price action is also drawing attention. While exchange outflows accumulated, signals emerged that looked like accumulation, but market participants have not linked that to aggressive buying, the report said.

Technical indicators also do not yet support a shift to bullish momentum. The relative strength index has recovered somewhat from oversold territory but remains weak overall. Trading volume has also declined after the initial sharp drop. It signals buyers are not entering aggressively even as the price falls.

In this situation, a positive point for SHIB holders is that exchange outflows themselves are still read as an accumulation signal. But charts have not yet confirmed that signal. As a result, SHIB continues to search for direction between improving on-chain indicators and a technically weak structure, the outlet reported.