{"id":132298,"date":"2024-12-02T00:44:02","date_gmt":"2024-12-01T17:44:02","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=132298"},"modified":"2024-12-02T00:44:02","modified_gmt":"2024-12-01T17:44:02","slug":"shiba-inus-18-rise-meets-market-caution-is-shib-overheated","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=132298","title":{"rendered":"Shiba Inu&#8217;s 18% rise meets market caution &#8211; Is SHIB overheated?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">Shiba Inu\u2019s trading volume dipped while its price surged.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">The Fear and Greed Index showed that the market was in an \u201cextreme greed\u201d phase.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/shiba-inu-news\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><\/a><span style=\"font-weight: 400;\"> has once again come in the limelight with its massive price hike. Though this was benefiting investors, but will this trend continue?\u00a0<\/span><\/p>\n<h2><b>Shiba Inu gains momentum\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The world\u2019s second-largest memecoin surprised investors in the recent past with its double-digit price growth. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">SHIB\u2019s price surged by 18% in the last 24 hours, pushing its value to $0.0000309 with a market capitalization of over $18 billion. Thanks to that, the memecoin entered the top 10 list of cryptos by market cap. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, signs of trouble brewed. While the token\u2019s price rallied in double digits, its trading volume plummeted sharply. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A drop in trading volume amidst a price hike indicates that the chances of a bearish trend reversal are high. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its Weighted Sentiment also declined in the last few days, signaling a rise in bearish sentiment. Nonetheless, its Social Volume spiked, which can further contribute to its bull rally. <\/span><\/p>\n<div id=\"attachment_448101\" style=\"width: 3850px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-448101\" class=\"wp-image-448101 size-full\" alt=\"SHIB's volume declined\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 3840px) 100vw, 3840px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-448101\" class=\"wp-image-448101 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024.png\" alt=\"SHIB's volume declined\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBA-INU-SHIB-13.18.35-01-Dec-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 3840px) 100vw, 3840px\"\/><\/a><\/p>\n<p id=\"caption-attachment-448101\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h2><b>Is a price correction inevitable?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Coinglass\u2019 data revealed that Shiba Inu\u2019s Open Interest shot up substantially. While a rise in OI often suggests the ongoing price trend continuing, things on this occasion were different. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As evident from the past spikes in SHIB OI, it was clear that whenever the memecoin\u2019s OI shot up to its current level, it witnessed a price correction. If history repeats, then SHIB might soon fall victim to a pullback.\u00a0<\/span><\/p>\n<div id=\"attachment_448102\" style=\"width: 2752px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-448102\" class=\"wp-image-448102 size-full\" alt=\"SHIB's open interest\" width=\"2742\" height=\"634\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-300x69.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-1024x237.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-768x178.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-1536x355.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-2048x474.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-1200x277.png 1200w\" data-lazy-sizes=\"(max-width: 2742px) 100vw, 2742px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-448102\" class=\"wp-image-448102 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM.png\" alt=\"SHIB's open interest\" width=\"2742\" height=\"634\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-300x69.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-1024x237.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-768x178.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-1536x355.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-2048x474.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-01-at-1.26.04\u202fPM-1200x277.png 1200w\" sizes=\"auto, (max-width: 2742px) 100vw, 2742px\"\/><\/a><\/p>\n<p id=\"caption-attachment-448102\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Another concern was revealed when we checked the token\u2019s <\/span><a href=\"https:\/\/cfgi.io\/shibainu-fear-greed-index\/1d\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">Fear and Greed Index<\/span><\/a><span style=\"font-weight: 400;\">. At press time, the market was in \u201cextreme greed,\u201d which was a potential sell signal. Technical indicators also hinted at a similar possibility. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, the Relative Strength Index (RSI) entered the overbought position, which can trigger a sell-off soon. The Chaikin Money Flow (CMF) registered a down tick \u2014 a sign of investors already selling SHIB. <\/span><\/p>\n<div id=\"attachment_448103\" style=\"width: 2720px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-448103\" class=\"wp-image-448103 size-full\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-1200x645.png 1200w\" data-lazy-sizes=\"(max-width: 2710px) 100vw, 2710px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-448103\" class=\"wp-image-448103 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42.png\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-30-42-1200x645.png 1200w\" sizes=\"auto, (max-width: 2710px) 100vw, 2710px\"\/><\/a><\/p>\n<p id=\"caption-attachment-448103\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Nonetheless, there were still chances of bulls pushing the memecoin\u2019s value upward. <\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the <\/span><a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">SHIB Profit Calculator<\/span><\/a><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">Shiba Inu\u2019s Network to Value (NVT) ratio remained low despite the recent price pumps. A low NVT ratio means that an asset is undervalued, which indicated the possibility of a continued price rise still exists.\u00a0<\/span><\/p>\n<p style=\"text-align: left;\">If that happens, then SHIB might break a resistance and move towards $0.000032. But in the event of a correction, the memecoin might drop to $0.000028.<\/p>\n<div id=\"attachment_448105\" style=\"width: 2720px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-448105\" class=\"wp-image-448105 size-full\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-1200x645.png 1200w\" data-lazy-sizes=\"(max-width: 2710px) 100vw, 2710px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-448105\" class=\"wp-image-448105 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29.png\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/SHIBUSDT_2024-12-01_13-34-29-1200x645.png 1200w\" sizes=\"auto, (max-width: 2710px) 100vw, 2710px\"\/><\/a><\/p>\n<p id=\"caption-attachment-448105\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/ethereum-mirrors-xrps-breakout-pattern-can-eth-reach-10k\/\" rel=\"prev\" data-wpel-link=\"internal\">Ethereum mirrors XRP\u2019s breakout pattern \u2013 Can ETH reach $10K?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/shiba-inus-18-rise-meets-market-caution-is-shib-overheated\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu\u2019s trading volume dipped while its price surged.\u00a0 The Fear and Greed Index showed that the market was in an \u201cextreme greed\u201d phase.\u00a0 Shiba Inu [SHIB] has once again &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=132298\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-132298","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/132298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=132298"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/132298\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}