Shiba Inu
Why Shiba Inu is up 5.0% today
Analysis
Shiba Inu (SHIB) rose about 5% over the past 24 hours as market participants reacted to signs of improving technical positioning, with U.Today noting SHIB has “waved off” a potential death-cross signal for now. Additional support may have come from reports that a key 82T SHIB threshold has been cleared alongside increased retail movement to self-custody, which can coincide with reduced immediate sell pressure.
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.