Shiba Inu
Why Shiba Inu is down 1.1% in the last hour
Analysis
Shiba Inu (SHIB) slipped about 1.1% over the last hour as broader near-term sentiment turned cautious following a technical roundup that argued upside momentum across major coins looks limited. U.Today’s June 2 price analysis specifically noted that “chances for a bull run are slim,” which likely weighed on risk appetite and contributed to modest selling pressure in SHIB.
Contributing Factors (1)
XRP, Shiba Inu (SHIB), Bitcoin (BTC) and Dogecoin (DOGE) Price Analysis for June 2nd: Chances for Bull Run Are Slim
Major cryptocurrencies remained under pressure as Bitcoin, XRP, Shiba Inu and Dogecoin tested key support levels, with bearish momentum continuing to dominate across the market.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.