{"id":11008,"date":"2025-02-03T09:16:53","date_gmt":"2025-02-03T09:16:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11008"},"modified":"2025-02-03T09:16:53","modified_gmt":"2025-02-03T09:16:53","slug":"shiba-inu-shib-crashes-20-daily-but-this-key-metric-suggests-a-comeback","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11008","title":{"rendered":"Shiba Inu (SHIB) Crashes 20% Daily But This Key Metric Suggests a Comeback"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">SHIB collapsed to a four-month low, but one indicator suggests a potential move to the upside.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The <\/span><span data-preserver-spaces=\"true\">entire<\/span><span data-preserver-spaces=\"true\"> meme coin niche is in red today (February 3), with WIF, BONK, FLOKI, and more among the biggest losers.<\/span><\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-76.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381585\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-76.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-76.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-76-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-76-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-76-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-76-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Just a Temporary Correction?<\/h2>\n<p><span data-preserver-spaces=\"true\">The past 24 hours have been calamitous for the cryptocurrency market, with numerous leading digital assets recording double-digit losses. Bitcoin (BTC) briefly <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/crypto-liquidations-explode-to-over-2-2-billion-as-bitcoin-dumped-by-10k-daily\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">crashed<\/span><\/a><span data-preserver-spaces=\"true\"> below $92,000, but it was the altcoins that took the major blow.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Among the worst affected was the popular meme coin Shiba Inu (SHIB), whose valuation collapsed to $0.00001284, representing the lowest point since September last year. In the following hours, the bulls managed to restore some of the lost ground, and the price is currently hovering at around $0.00001443, a 17% daily decline.<\/span><\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381581\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price.png\" alt=\"\" width=\"832\" height=\"577\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price.png 832w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-300x208.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-768x533.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-50x35.png 50w\" sizes=\"auto, (max-width: 832px) 100vw, 832px\"><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the bearish environment, the SHIB Relative Strength Index (RSI) suggests an incoming reversal. The metric, which measures the speed and change of price movements, varies from 0 to 100 and helps traders identify oversold or overbought conditions.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ratio recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/SHIB\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">dipped<\/span><\/a><span data-preserver-spaces=\"true\"> to 16, which signals that the asset might be undervalued and potentially headed for a rally in the short term.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, SHIB\u2019s exchange netflow has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/shib\/chart\/exchange-flows\/exchange-netflow-total?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">turned<\/span><\/a><span data-preserver-spaces=\"true\"> predominantly negative <\/span><span data-preserver-spaces=\"true\">in the past week<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> indicates a possible shift from centralized platforms toward private wallets, hence a reduced immediate selling pressure.<\/span><\/p>\n<figure id=\"attachment_381582\" aria-describedby=\"caption-attachment-381582\" style=\"width: 849px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Netflow.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-381582\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Netflow.png\" alt=\"SHIB Exchange Netflow\" width=\"849\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Netflow.png 1522w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Netflow-300x141.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Netflow-1024x482.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Netflow-768x362.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Netflow-50x24.png 50w\" sizes=\"auto, (max-width: 849px) 100vw, 849px\"><\/a><figcaption id=\"caption-attachment-381582\" class=\"wp-caption-text\">SHIB Exchange Netflow<\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">Overall Meme Coin Outlook<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The total market capitalization of the meme coin sector currently stands at approximately $75 billion. <\/span><span data-preserver-spaces=\"true\">This represents a major crash of over 17% <\/span><span data-preserver-spaces=\"true\">on a 24-hour scale<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some of the biggest losers include Pepe (PEPE), Bonk Inu (BONK), Floki (FLOKI), <\/span><span data-preserver-spaces=\"true\">dogwifhat<\/span><span data-preserver-spaces=\"true\"> (WIF), and Brett (BRETT). All of those saw their prices plummet by more than 20% during the aforementioned timeframe.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The meme coins that <a href=\"https:\/\/cryptopotato.com\/trump-and-melania-outshine-doge-in-prominent-rankings-key-insights\/\" data-wpel-link=\"internal\">made the headlines<\/a> towards the end of January<\/span><span data-preserver-spaces=\"true\"> \u2013 <\/span><span data-preserver-spaces=\"true\">Official Trump (TRUMP) and Melania Meme (MELANIA)<\/span><span data-preserver-spaces=\"true\"> \u2013 <\/span><span data-preserver-spaces=\"true\">have also headed south. The former lost its spot in the top<\/span><span data-preserver-spaces=\"true\"> 3 <\/span><span data-preserver-spaces=\"true\">list and is now the fourth-biggest meme.<\/span><span data-preserver-spaces=\"true\"> For its part, MELANIA (whose market cap briefly <a href=\"https:\/\/cryptopotato.com\/melania-token-hit-13-after-gaining-support-from-major-crypto-exchanges\/\" data-wpel-link=\"internal\">spiked<\/a> above $2 billion last month) now has a capitalization of just $220 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, Fartcoin (FARTCOIN), AI Rig Complex (ARC), and Elon4AfD (ELON4AFD) are among the very few charting some gains.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-crashes-20-daily-but-this-key-metric-suggests-a-comeback\/\" rel=\"nofollow\">Shiba Inu (SHIB) Crashes 20% Daily But This Key Metric Suggests a Comeback<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR SHIB collapsed to a four-month low, but one indicator suggests a potential move to the upside. The entire meme coin niche is in red today (February 3), with WIF, BONK, FLOKI, and more among the biggest losers. Just a Temporary Correction? The past 24 hours have been calamitous for the cryptocurrency market, with numerous [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11008","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11008"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11008\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}