Shiba Inu
Why Shiba Inu is up 4.0% today
Analysis
Shiba Inu (SHIB) rose about 4% over the past 24 hours as traders reacted to reports highlighting a key on-chain “82,000,000,000,000” threshold returning, framing SHIB as “on the verge” of a notable technical setup. At the same time, coverage of a large 332,497,400,000 SHIB flow flagged as a potentially bearish signal may have prompted short-term positioning and dip-buying dynamics as the market weighed recovery prospects.
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
Moderate confidence. Multiple factors may be contributing.