1 week ago
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Key Takeaways
- Two-session gains now total roughly a third of SHIB’s value.
- Short liquidations outpaced longs by more than 2.5 times over 24 hours.
- Futures volume dwarfs spot activity across major exchanges.
The high landed almost exactly on the 200-day SMA at $0.00000584, the last major moving average still above price, while the close held above both the 100-day SMA ($0.00000519) and the 0.236 Fibonacci retracement ($0.0000055) that capped the prior session.
Combined with the previous day’s 18% surge, SHIB has now gained roughly a third of its value in two sessions – a sharp move that’s cleared two resistance levels in a row but also pushed the 14-day RSI to approximately 81, deep into overbought territory.
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