The difference between the two prices is approximately 23.89%, making SHIB the second biggest weekly gainer after Rollbit Coin (RLB), which recorded a massive 74.9% price jump in the period. However, SHIB was the best performer among coins with market caps over $1 billion.
However, some analysts predict that Shiba Inu’s good run could fizzle out, given the nature of specific underlying indicators. For instance, they have pointed out that SHIB’s Relative Strength Index (RSI) currently points towards the meme coin hitting the overbought zone, which could be a precursor to potential market corrections.
Furthermore, Shiba Inu’s Market Value to Realized Value ratio (MVRV) is hovering around the 15% threshold, which many consider a “danger zone,” which, if passed, could lead to a drop in price.
