Shiba Inu
Why Shiba Inu is down 1.4% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.4% over the last hour as traders reacted to reports of heavy whale selling, with AMBCrypto highlighting whales dumping roughly 32B SHIB and the token testing key support. While U.Today noted a bullish uptick in a crucial activity metric (about 33.2B SHIB in 24 hours), that positive signal appears to have been outweighed in the near term by the sell-pressure narrative.
Contributing Factors (3)
Can Shiba Inu hold KEY support as whales dump 32B SHIB?
SHIB faces bearish pressure as whales sell, support weakens, and leveraged traders eye critical downside levels.
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SBI VC Trade expands the list of crypto that users can stake on it.
33,217,400,000 SHIB in 24 Hours: Shiba Inu Crucial Metric Becomes Bullish Again
Shiba Inu exchange flows over the last day signal declining sell-side pressure as demands appear to be growing following the brief resurgence seen yesterday.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.