Shiba Inu's Surge: Market Caution Amidst Massive Burn and Potential Gains
TL;DR Summary
Shiba Inu (SHIB) experienced an 18% price surge, reaching a market cap of over $18 billion, but faced market caution as trading volume dropped and the Fear and Greed Index indicated 'extreme greed.' Despite the price hike, bearish signals emerged, including a decline in weighted sentiment and a rise in open interest, suggesting a potential price correction. Technical indicators like the RSI and CMF also hinted at a possible sell-off, though a low NVT ratio suggested SHIB might still have room for growth.
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- How Much You Need to Make $10K, $30K, and $50K If Shiba Inu Hits $0.0005 and $0.005 The Crypto Basic
- Shiba Inu Burn Rate Sees Massive 2,296% Spike In One Day, Are The Bulls Back | Bitcoinist.com Bitcoinist
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