Shiba Inu
Why Shiba Inu is down 1.2% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.2% over the past hour as on-chain flow data showed a shift away from bullish conditions, with SHIB netflow reportedly exiting the bullish zone alongside a 69 billion SHIB move. This kind of netflow deterioration can weigh on short-term sentiment and contribute to near-term selling pressure even if price action had previously appeared resilient.
Contributing Factors (1)
Shiba Inu Netflow Exits Bullish Zone With 69 Billion SHIB but Price Says Otherwise
Shiba Inu has suspended its recent bullish trend as onchain activity shows that selling pressure is rising again and traders are rapidly moving tokens out of exchanges.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.