Whale withdrawal + RSI oversold double signals, the technicals look much better than candlestick charts, optimistic in the short term but don't get carried away

According to Crypto news, in the past 24 hours, approximately 257.9 billion SHIB was withdrawn from exchange wallets, resulting in a clearly negative net outflow. This large-scale withdrawal may significantly improve SHIB’s short-term outlook, although its price still faces pressure. SHIB’s current Relative Strength Index (RSI) is about 26, indicating an oversold condition; historically, when RSI falls below 30, it often suggests that a rebound is about to come. Despite SHIB still being below its 50-day, 100-day, and 200-day moving averages, and the overall trend remaining bearish, the outflow of hundreds of billions of tokens and the extreme oversold momentum make the current market situation more positive than what the price chart alone would suggest.