Shiba Inu Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a 5.92% decrease in price over the last 24 hours, continuing a negative trend with a 2.0% loss over the past week. The trading volume for SHIB has decreased by 23.0%, and its circulating supply has slightly decreased by 0.03%. Currently, SHIB's market cap ranks it at #13 with a value of $16.82 billion.
April 01, 2024 | 3:01 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) has experienced a 5.92% price decrease over the last 24 hours and a 2.0% decrease over the past week, with a decrease in trading volume and a slight reduction in circulating supply.
The significant price drop of 5.92% in the last 24 hours, coupled with a 2.0% decrease over the past week, indicates a negative short-term trend for SHIB. The decrease in trading volume suggests lower investor interest, which could further pressure the price. The slight decrease in circulating supply is not enough to counteract these negative factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100