Shiba Inu

<p><em><strong>Shiba Inu (SHIB/USD), the meme cryptocurrency known as the ‘Dogecoin Killer,’ surged by over 90% in value in the last 24 hours.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>This remarkable rise has pushed Shiba Inu ahead of other meme coins like Dogecoin, Pepe, and BONK, as well as major cryptocurrencies like Bitcoin and Ethereum.</p><h3 id="shiba-inu-surges-amidst-social-media-buzz">Shiba Inu Surges Amidst Social Media Buzz</h3><p>A social analysis platform reports a remarkable 51% increase in Shiba Inu-related discussions across various <a href="https://cryptosheadlines.com/kenya-mulls-taxing-crypto-nft-transfers-and-social-media-influencers/" rel="noopener noreferrer nofollow">social media</a> platforms in just one day. This <a href="https://cryptosheadlines.com/shiba-inu-surges-as-top-payment-method-on-coingate/" rel="noopener noreferrer nofollow">surge in chatter has propelled Shiba Inu</a> back into the top 10 cryptocurrencies by market capitalization, reaching a valuation of $25 billion, inching closer to Dogecoin’s $27 billion market cap.</p><p><a href="https://cryptosheadlines.com/shiba-inu-rides-bitcoins-34k-surge-shib-burn-rate-soars-600-in-market-frenzy/" rel="noopener noreferrer nofollow">Shiba Inu made waves in the crypto market by surging</a> to a price point of $0.00002 on Saturday, March 2, 2024. Weekly charts reveal a phenomenon traders dub as a ‘God Candle’—signifying a dramatic price increase. Since February 29, SHIB’s value has skyrocketed by 120%.</p><p>In just seven days, Shiba Inu has seen gains totaling 289%, marking a return to price levels not witnessed since the early parts of May 2022.</p><h3 id="warning-signs-for-shiba-inu-investors">Warning Signs for Shiba Inu Investors</h3><p>Despite the hype surrounding Shiba Inu, warning signals are flashing for investors. According to data from TradingView, the Relative Strength Index (RSI), a tool used to gauge the speed and change of price movements, is currently at a high of 98.36949660. This figure surpasses the conventional ‘overbought’ designation of 70, often indicating a <a href="https://cryptosheadlines.com/upcoming-unlock-of-196-million-blur-tokens-potential-price-crash-ahead/" rel="noopener noreferrer nofollow">potential upcoming decline or significant price</a> correction.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>In addition to the RSI, other technical indicators like the Stochastic %K, Commodity Channel Index (CCI), and Williams Percent Range also <a href="https://cryptosheadlines.com/significant-1000-surge-in-shiba-inu-shib-burn-rate-suggests-potential-price-rebound/" rel="noopener noreferrer nofollow">suggest a potential sell-off for Shiba Inu</a>. This alignment of indicators indicates that Shiba Inu may be primed for a market correction.</p><p><a href="https://cryptosheadlines.com/ethena-2-and-aci-propose-adding-susde-to-aave-v3-on-ethereum/" rel="noopener noreferrer nofollow">Also Read:   Ethena 2 and ACI Propose Adding sUSDe to Aave V3 on Ethereum</a></p><p>As of the time of writing, SHIB was trading at $0.0000444, reflecting a 90.15% increase in the last 24 hours.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Shiba Inu’ Surges 90% in One Day; Warning Signs Flash ‘Sell’

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