Shiba Inu
Why Shiba Inu is down 4.9% today
Analysis
Shiba Inu (SHIB) fell 4.9% over the past 24 hours as its attempted rebound lost momentum, with reporting noting that the recovery has stalled. U.Today highlighted SHIB “nearing the 88 trillion threshold,” a sign of heavy supply/overhang that can weigh on price when follow-through buying 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.