Shiba Inu Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (SHIB) has experienced a 4.84% price drop in the last 24 hours, contrasting with a 5% gain over the past week. Trading volume decreased by 25% over the week, and the circulating supply slightly decreased by 0.32%. SHIB's market cap is ranked #14 at $10.24 billion.
October 08, 2024 | 3:01 pm
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NEGATIVE IMPACT
Shiba Inu's price fell by 4.84% in the last 24 hours, despite a 5% gain over the past week. The trading volume decreased by 25% over the week, and the circulating supply slightly decreased by 0.32%.
The 4.84% drop in SHIB's price in the last 24 hours indicates a negative short-term trend, especially with a significant 25% decrease in trading volume. This suggests reduced investor interest or activity, which could lead to further price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100