Shiba Inu
Why Shiba Inu is down 9.6% today
Analysis
Shiba Inu (SHIB) fell 9.6% over the past 24 hours as large SHIB outflows highlighted in ETF flow data signaled increased sell pressure and a bearish near-term setup. U.Today also pointed to SHIB revisiting the 82 trillion supply threshold, reinforcing concerns that the token is “on the verge” of another downside move as key levels get tested.
Contributing Factors (2)
332,497,400,000 SHIB Flash Bearish Signal: How Long Until Shiba Inu Recovers?
Shiba Inu has seen traders sell more tokens than they have purchased over the past day, suggesting that demand is visibly on hold amid growing market uncertainty.
Shiba Inu's 82,000,000,000,000 Threshold Is Back: SHIB on the Verge
Shiba Inu is back at the massive threshold that usually precedes serious price downfalls.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.