Crypto
Shiba Inu Price Plummets 16% on Heavy Selling Pressure
Shiba Inu (CRYPTO:SHIB) has faced heavy selling across crypto markets, causing its price to fall 16.13% to $0.0000052.
The selling pressure was evident in both spot and derivatives markets, with selling volumes exceeding buying volume.
Although SHIB later recovered slightly to $0.0000053, it remained down 5.4%, and trading volume fell by 63% to $140 million.
The Directional Movement Index showed weaker upward momentum, while the Relative Strength Index remained on an upward path.