Is Shiba Inu overheating after SHIB price gains 75% in two weeks? By Cointelegraph



Shiba Inu (SHIB) looks poised to undergo sharp price corrections after rallying nearly 75% in almost two weeks.

On Monday, the memecoin climbed to $0.00002961, its best level since Jan. 18, amid renewed buying interests across the cryptocurrency market. Before the retracement, SHIB’s price had crashed by almost 80% from its record high of $0.00008870.

daily price chart featuring RSI and RVI signals. Source: TradingView
SHIB/USD daily price chart. Source: TradingView
SHIB/USD daily price chart. Source: Norok, TradingView
1,000-SHIB long/short ratio. Source: Coinglass