Shiba Inu Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has experienced a 3.88% decrease in price over the last 24 hours, marking a continuation of its 13.0% decline over the past week. The trading volume for SHIB has also decreased by 36.0%, with its circulating supply slightly down by 0.08%. Currently, SHIB's market cap ranks it as the 13th largest, valued at $15.81 billion.
April 05, 2024 | 7:01 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) has seen a 3.88% price decrease in the last 24 hours and a 13% decrease over the past week, with its trading volume also down by 36%.
The significant decrease in SHIB's price over both the last 24 hours and the past week, coupled with a notable drop in trading volume, suggests a bearish short-term outlook for the asset. The slight decrease in circulating supply may not be enough to counteract the negative price momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100