Shiba Inu
Why Shiba Inu is down 1.1% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.1% over the past hour as trading volatility “hit the ground” and the token entered a consolidation phase, which can coincide with small pullbacks as momentum fades, according to U.Today. While U.Today also highlighted longer-term Web3 use cases for SHIB, that narrative appears more thematic than immediately price-supportive within a 1-hour window.
Contributing Factors (2)
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.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.