Shiba Inu
Why Shiba Inu is down 1.5% in the last hour
Analysis
Shiba Inu (SHIB) slipped about 1.5% over the past hour as its recovery momentum appeared to stall, aligning with reports that SHIB is nearing a major 88 trillion threshold that may be acting as an overhang on price action. U.Today noted that the recovery has been struggling to progress, which can contribute to short-term pullbacks as buying interest fades.
Contributing Factors (1)
Shiba Inu Nears 88 Trillion Threshold as Recovery Stalls
Shiba Inu bear traders might be taking over the market as the number of SHIB available for sale on exchanges is nearing 88 trillion.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.