Shiba Inu Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (SHIB) has experienced a 4.61% price drop in the past 24 hours, continuing a week-long decline of 5.0%. Trading volume has decreased by 29.0% over the past week, while the circulating supply has increased by 0.5%. The current market cap for SHIB is $7.69 billion, ranking it #16.
August 16, 2024 | 3:01 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) has seen a 4.61% price drop in the past 24 hours and a 5.0% decline over the past week. Trading volume has decreased by 29.0%, while the circulating supply has increased by 0.5%. The market cap is currently $7.69 billion, ranking it #16.
The significant price drop and decrease in trading volume indicate a bearish trend for SHIB in the short term. The increase in circulating supply adds to the downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100