Shiba Inu (SHIB) Shows 114% Bull-Bear Imbalance, Suggesting Potential Price Confidence Amid Market Recovery
Main Idea
Shiba Inu (SHIB) exhibits a 114% imbalance between bullish and bearish sentiment, indicating potential price movement, with its current price at $0.00001294, reflecting a 2.86% increase in the last 24 hours.
Key Points
1. Shiba Inu (SHIB) has a 114% imbalance between bulls and bears, suggesting strong market confidence.
2. The current price of SHIB is $0.00001294, up 2.86% in the last 24 hours.
3. SHIB recently rebounded from a low of $0.0000116 on August 2 and is trading above the daily SMA 50 at $0.00001272.
4. The bullish trend is supported by positive market indicators and recent whale activity.
5. The SHIB burn rate surged by 3,464% amid community activity, potentially influencing price movement.
Description
Shiba Inu (SHIB) has a 114% imbalance between bulls and bears, indicating a stronger bullish sentiment in the market. 77 bulls compared to 67 bears suggest increased confidence in SHIB’s
Latest News
- Michael Saylor Suggests Tariffs on Gold Could Drive Institutional Interest in Bitcoin2025-08-08 21:02:52
- Bloomberg Analysts Suggest Continued Confidence in XRP ETF Approval Despite Recent Criticism from SEC Commissioner Crenshaw2025-08-08 21:00:47
- Exodus Explores Tokenization of Class A Shares on Solana Through Partnership with Superstate2025-08-08 20:37:02
- Trump’s Executive Orders May Open 401(k) Plans to Bitcoin Investments and Address Banking Discrimination2025-08-08 20:32:40
- Smart Money Whale Rapidly Expands Bitcoin Position, Leveraging 40x While Shorting SOL and XRP2025-08-08 20:27:22