Shiba Inu's Price Rally Stalls Amid Rising Sell Pressure

Shiba Inu's recent price rally has stalled, and the token is now at risk of losing its $0.000005 mark.

A modest increase in exchange netflow indicates rising sell pressure, with a total of 261 billion SHIB tokens being moved to exchanges for selling purposes over the last 24 hours.

This suggests that investors are taking profits following the recent price rally, providing a bearish outlook for Shiba Inu as the amount of tokens available for sale has increased.

The token's price has decreased by about 3% over the last day and is currently trading in the red territory around $0.0000052.