Shiba Inu
Why Shiba Inu is up 5.2% today
Analysis
Shiba Inu (SHIB) rose 5.2% over the past 24 hours despite a mixed technical backdrop highlighted in recent coverage. U.Today noted SHIB faced short-term pressure as an hourly “death cross” formed, which can signal near-term bearish momentum, but the market still bid the token higher over the day, suggesting the move occurred even as traders weighed that cautionary technical signal.
Contributing Factors (1)
Shiba Inu Faces Short-Term Pressure as Hourly Death Cross Forms
Shiba Inu forms hourly death cross as volatility slows.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.