Shiba Inu
Why Shiba Inu is up 1.6% in the last hour
Analysis
Shiba Inu (SHIB) rose about 1.6% over the past hour despite a bearish on-chain backdrop highlighted in a recent report. U.Today noted that roughly 488 billion SHIB moved in 24 hours and that exchange flows have “turned even more bearish,” a development that can coincide with short-term volatility and brief rebounds even as broader flow signals remain negative.
Contributing Factors (1)
488 Billion Shiba Inu (SHIB) in 24 Hours: Exchange Flows Turn Even More Bearish
Shiba Inu faces renewed selling pressure as traders rapidly unwind leveraged positions and risk appetite continues to fade.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.