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Crypto

Shiba Inu Price Stalls Amid Massive Selling Pressure

Guavy AI Editorial Team
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SHIB
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The price of Shiba Inu (SHIB) has stalled around $0.0000052, causing analysts to worry that it may lose this key level if momentum doesn't return.

This comes after recent data from CryptoQuant showed a modest increase in the SHIB exchange netflow, with 261 billion tokens flowing into exchanges for selling purposes over the last 24 hours.

A positive value on this metric indicates rising sell pressure, which could imply that investors are taking profits following the recent price rally.

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