Shiba Inu
Why Shiba Inu is up 1.0% in the last hour
Analysis
Shiba Inu (SHIB) ticked up about 1.0% over the past hour even as broader sentiment remains cautious, with U.Today noting SHIB-related ETF flows are at their lowest level since 2023 and that crypto continues to lag gold in relative performance. The modest gain looks more like a short-term bounce amid subdued inflow conditions rather than a move driven by fresh positive catalysts in the news.
Contributing Factors (1)
Shiba Inu (SHIB) at Lowest Level Since 2023; Crypto Market Still Loses to Gold
Market is very close to proper stabilization after hitting lowest levels since 2023.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.