Shiba Inu
Why Shiba Inu is up 4.9% today
Analysis
Shiba Inu (SHIB) rose 4.9% over the past 24 hours as traders reacted to signs of stronger demand indicated by a large netflow figure. U.Today reported a “145 million SHIB netflow” flashing a bullish signal, which likely supported buying interest and helped push the token higher.
Contributing Factors (1)
145 Million Shiba Inu Netflow Flashes Bullish Signal
Shiba Inu is facing downside pressure, but it isn't related to its trading activity, as exchange activity shows that traders are moving tokens off exchanges.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.