Shiba Inu
Why Shiba Inu is up 2.7% in the last hour
Analysis
Shiba Inu (SHIB) rose about 2.7% over the past hour even as on-chain data pointed to shifting flows, with U.Today reporting that SHIB netflow “exited the bullish zone” by roughly 69 billion SHIB. The price move suggests buyers still absorbed that change in netflow in the short term, keeping spot momentum positive despite the less supportive flow signal.
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.