Shiba Inu Falls More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has experienced a significant drop of 9.34% in the last 24 hours, marking a continued decline over the past week of -19.0%. The trading volume for SHIB has decreased by 22.0%, and its circulating supply has slightly reduced by 0.19%, leading to a current market cap ranking of #12 at $15.79 billion.
March 18, 2024 | 7:00 pm
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Shiba Inu (SHIB) has seen a 9.34% decrease in price over the last 24 hours, contributing to a -19% decline over the past week. The trading volume has also decreased by 22%, and the circulating supply has dropped by 0.19%.
The significant drop in Shiba Inu's price over both the last 24 hours and the past week, combined with a decrease in trading volume and circulating supply, suggests a bearish short-term outlook for SHIBUSD. The market cap ranking at #12 indicates it remains a significant asset in the cryptocurrency market, but the current trends could negatively impact its short-term price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100