Shiba Inu Down More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (SHIB) has experienced a 7.73% price drop in the past 24 hours, continuing a week-long decline of 14%. Trading volume has decreased by 34% over the past week, while the circulating supply has increased by 0.63%. The current market cap is $11.70 billion, ranking SHIB at #12.
June 14, 2024 | 7:01 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) has seen a significant price drop of 7.73% in the past 24 hours, continuing a week-long decline of 14%. Trading volume has decreased by 34% over the past week, while the circulating supply has increased by 0.63%. The current market cap is $11.70 billion, ranking SHIB at #12.
The significant price drop and decreased trading volume indicate a bearish trend for SHIB. The increase in circulating supply adds to the downward pressure on the price. These factors combined suggest a likely short-term decline in SHIB's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100