Shiba Inu
Why Shiba Inu is down 4.1% today
Analysis
Shiba Inu (SHIB) fell 4.1% over the past 24 hours as trading activity cooled and the token entered a consolidation phase with reduced volatility, limiting follow-through buying pressure. Technical coverage also pointed to SHIB’s momentum slowing while testing resistance around the 200-EMA, which can contribute to short-term pullbacks when price fails to break higher.
Contributing Factors (3)
Shiba Inu (SHIB) Volatility Hits Ground as Price Enters Consolidation Period
Shiba Inu's volatility hitting the ground in an unexpected manner, which is the last thing you'd expect now.
Shiba Inu Web3 Exploration Highlights Five Potential Use Cases
Five potential use cases named for possible Shiba Inu Web3 exploration.
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.