Shiba Inu
Why Shiba Inu is down 1.1% in the last hour
Analysis
Shiba Inu (SHIB) dipped about 1.1% over the past hour as upside momentum faded while the price tested resistance at the 200-day EMA, prompting short-term selling pressure. U.Today noted that SHIB’s momentum has been slowing at this technical barrier, which likely contributed to the pullback during the hour.
Contributing Factors (1)
Shiba Inu (SHIB) Momentum Slows as Price Tests 200-EMA Resistance
Shiba Inu has tried to stabilize, and the 200 EMA breakthrough on the four-hour chart could have done the job.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.