{"id":7428,"date":"2025-01-13T17:46:45","date_gmt":"2025-01-13T17:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7428"},"modified":"2025-01-13T17:46:45","modified_gmt":"2025-01-13T17:46:45","slug":"key-shiba-inu-indicator-flashes-the-buy-signal-is-shib-ready-for-a-price-reversal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7428","title":{"rendered":"Key Shiba Inu Indicator Flashes the Buy Signal: Is SHIB Ready for a Price Reversal?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Despite recent market declines, SHIB\u2019s RSI indicates an oversold condition, presenting a potential buying opportunity.<\/span><\/li>\n<li>The upcoming launch of TREAT and the negative exchange netflow also suggest potential price pump for the second-largest meme coin.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-72.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-378438\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-72.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-72.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-72-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-72-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-72-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB_CB-72-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Is It Time for the Bears to Step Down?<\/h2>\n<p><span data-preserver-spaces=\"true\">The last 24 hours have been quite painful for the cryptocurrency market. <\/span><span data-preserver-spaces=\"true\">The <\/span><span data-preserver-spaces=\"true\">entire capitalization of the sector<\/span><span data-preserver-spaces=\"true\"> has plummeted by 5.5% and currently stands below $3.3 trillion. For their part, leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), Cardano (ADA)<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">are <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/100b-wiped-from-crypto-markets-as-bitcoin-sinks-3k-in-hours-market-watch\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">well in the red<\/span><\/a><span data-preserver-spaces=\"true\"> on a daily scale.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The popular meme coin Shiba Inu (SHIB) is also among the losers. <\/span><span data-preserver-spaces=\"true\">Its price has fallen by 7% in the past 24 hours and, as of this writing, is worth around $0.00002023 (per CoinGecko\u2019s data).<br \/>\n<\/span><\/p>\n<figure id=\"attachment_378434\" aria-describedby=\"caption-attachment-378434\" style=\"width: 561px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-2.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-378434\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-2.png\" alt=\"SHIB Price\" width=\"561\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-2.png 1035w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-2-300x214.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-2-1024x730.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-2-768x548.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-2-50x36.png 50w\" sizes=\"auto, (max-width: 561px) 100vw, 561px\"><\/a><figcaption id=\"caption-attachment-378434\" class=\"wp-caption-text\">SHIB Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Contrary to the bearish landscape, one <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> metric suggests good days <\/span><span data-preserver-spaces=\"true\">ahead<\/span><span data-preserver-spaces=\"true\"> for the bulls. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> is<\/span><span data-preserver-spaces=\"true\"> Shiba Inu\u2019s Relative Strength Index (RSI)<\/span><span data-preserver-spaces=\"true\">, which<\/span><span data-preserver-spaces=\"true\"> measures the change and speed of price movements.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The technical analysis tool varies from 0 to 100<\/span><span data-preserver-spaces=\"true\">, and any<\/span><span data-preserver-spaces=\"true\"> ratio below 30 indicates that the asset might be oversold and undervalued.<\/span><span data-preserver-spaces=\"true\"> For its part, this signals a potential buying opportunity. The RSI has been hovering between 30 and 55 for the past five days, most 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\">dropping<\/span><\/a><span data-preserver-spaces=\"true\"> to as low as 29.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Additional Factors<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Another element suggesting that the price of the self-proclaimed Dogecoin killer might rally in the short term is the asset\u2019s exchange <\/span><span data-preserver-spaces=\"true\">netflow<\/span><span data-preserver-spaces=\"true\">. According to CryptoQuant\u2019s data, SHIB outflows have significantly <\/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\">surpassed<\/span><\/a><span data-preserver-spaces=\"true\"> inflows in the past week.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> signals a shift from centralized platforms toward self-custody methods <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> could be viewed as bullish since <\/span><span data-preserver-spaces=\"true\">it<\/span> <span data-preserver-spaces=\"true\">reduces<\/span><span data-preserver-spaces=\"true\"> the immediate selling pressure.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last but not least, we will touch upon <a href=\"https:\/\/cryptopotato.com\/heres-when-this-shiba-inu-related-meme-coin-will-go-live\/\" data-wpel-link=\"internal\">the upcoming launch of TREAT<\/a>. The reward token part of Shiba Inu\u2019s ecosystem <\/span><span data-preserver-spaces=\"true\">is scheduled<\/span><span data-preserver-spaces=\"true\"> to<\/span><span data-preserver-spaces=\"true\"> go live later this week. The development could spur enthusiasm across the community, potentially leading to more people jumping on the bandwagon and a subsequent price rally for SHIB.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that TREAT\u2019s launch has already caught the attention of some leading crypto exchanges that have announced they will allow trading services with the meme coin. Examples are <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inus-treat-gains-backing-from-major-crypto-exchange-details-inside\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">KuCoin<\/span><\/a><span data-preserver-spaces=\"true\"> and MEXC Exchange.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/key-shiba-inu-indicator-flashes-the-buy-signal-is-shib-ready-for-a-price-reversal\/\" rel=\"nofollow\">Key Shiba Inu Indicator Flashes the Buy Signal: Is SHIB Ready for a Price Reversal?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Despite recent market declines, SHIB\u2019s RSI indicates an oversold condition, presenting a potential buying opportunity. The upcoming launch of TREAT and the negative exchange netflow also suggest potential price pump for the second-largest meme coin. Is It Time for the Bears to Step Down? The last 24 hours have been quite painful for the [&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-7428","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\/7428","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=7428"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7428\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}