Shiba Inu
Why Shiba Inu is up 1.3% in the last hour
Analysis
Shiba Inu (SHIB) ticked up about 1.3% over the last hour despite a broader narrative of weakened crypto positioning versus gold. U.Today reported that SHIB-related ETF flows have fallen to their lowest level since 2023, which may have already been priced in—allowing for a modest rebound as immediate selling pressure eased.
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.