Shiba Inu Heads for Recovery as Netflow Turns Red With Over 114 Billion SHIB

Shiba Inu has begun to show signs of a potential recovery after multiple days of severe price correction as the broader crypto market continues to face increasing sell pressure. While momentum appears to be shifting, the latest on-chain data from the crypto analytics platform CryptoQuant shows that buyers are beginning to dominate the Shiba Inu market once again. Although Shiba Inu is still struggling amid the prolonged market volatility as its price continues to trade in the red territory, its exchange activity is providing a different signal. According to the data, the Shiba Inu exchange network has declined modestly by around 1.37% over the last day, sitting at -114,647,400,000 SHIB as of the time of writing.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to U.Today.