Shiba Inu
Why Shiba Inu is up 4.1% today
Analysis
Shiba Inu (SHIB) rose 4.1% over the past 24 hours as traders reacted to signals that bearish technical pressure hasn’t fully materialized yet, with U.Today noting SHIB has “waved off” a potential death-cross setup for now. Additional support may have come from U.Today’s report that a key 82 trillion SHIB threshold was crossed as retail investors moved coins into self-custody, which can reduce readily available exchange supply.
Contributing Factors (3)
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.
No Death Cross Yet as Shiba Inu Waves off Key Signal, But for How Long?
February remains significant for Shiba Inu price action, setting the tone for the rest of the year.
Shiba Inu (SHIB) Key 82,000,000,000,000 Threshold Gone: Retail Investors Moving to Self-Custody
Shiba Inu's 82 trillion threshold that sits quietly on exchanges is slowly decreasing, which is the best signal for SHIB.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.