Shiba Inu
Why Shiba Inu is down 8.8% today
Analysis
Shiba Inu (SHIB) fell 8.8% over the past 24 hours as traders reacted to a bearish flow signal highlighted by U.Today, which pointed to 332,497,400,000 SHIB in ETF-related flows as a negative near-term indicator for price momentum. Separately, U.Today noted SHIB returning to the 82,000,000,000,000 threshold and being “on the verge,” reinforcing a cautious tone that can pressure sentiment and trigger additional selling.
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.