Shiba Inu
Why Shiba Inu is up 11.3% today
Analysis
Shiba Inu (SHIB) rose 11.3% over the past 24 hours as traders reacted to reports highlighting a return to a key on-chain/technical threshold around 82 trillion SHIB, framing the token as “on the verge” of a larger move. Despite the rally, separate coverage pointed to large SHIB-related flow data being interpreted as a bearish signal, suggesting the bounce may be occurring alongside mixed sentiment rather than a clean shift in fundamentals.
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.