Shiba Inu Nears Monthly High, Yet Two On-Chain Red Flags Threaten a Dip

Top meme coin Shiba Inu (SHIB) has surged over the past week, inching closer to its one-month high target of $0. 00001408.   However, fresh on-chain signals suggest the momentum may not last, as market participants appear to be taking advantage of the surge to offload their holdings for quick gains. SHIB Climbs, But On-Chain Data Points to Rising Sell Pressure According to data from Glassnode, SHIB’s exchange balances have skyrocketed in the past week, hitting a 30-day high of 156 source: https://beincrypto.com/shib-price-rises-yet-two-red-flags-threaten-rally/