Shiba Inu (SHIB) Price Top Incoming? RSI Screams Overbought

2025-07-18 09:24:17

Main Idea

Shiba Inu (SHIB) is showing signs of being overbought as its RSI reaches high levels, suggesting potential short-term volatility or a pullback despite its recent bullish breakout.

Key Points

1. Shiba Inu broke through key resistance levels and the 200 EMA, reaching $0.00001548, but the RSI at 78 indicates overbought conditions.

2. Historically, such high RSI levels often precede pullbacks or periods of sideways movement.

3. The $0.000016-$0.000017 range, previously a support zone, may now act as a profit-taking area.

4. If SHIB maintains above $0.000014 on a retest, it could signal continued bullish momentum, but a drop to $0.000013 is possible if profit-taking accelerates.

5. The golden crossover of the 50 and 100 EMAs suggests a potential longer-term uptrend if support levels hold.