Shiba Inu
Why Shiba Inu is down 1.1% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.1% over the past hour even as on-chain/flow data turned more constructive, suggesting the market may be fading the initial optimism or taking profits after the headline. U.Today reported that ETF-related SHIB flows flipped positive (26.47B SHIB) and a key metric signaled a potential resurgence, but the price action in the last hour still moved lower, indicating the positive flow signal hasn’t translated into immediate upside.
Contributing Factors (1)
26,470,900,000 SHIB Turn Positive as Key Metric Signals Resurgence
Shiba Inu's exchange flow has finally turned bullish again after multiple days of signaling rising selling pressure amid the broad crypto market downturn.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.