Deep Dive
1. Extreme Overbought Signals (Bearish Impact)
Overview: SHIBAAI’s RSI-7 hit 97.25 (above 70 = overbought), its highest since August 2025, while the price trades 161% above its 7-day SMA ($0.00000000158 vs. $0.00000000413).
What this means: Such extreme readings historically precede sharp corrections in meme coins. The MACD histogram (+0.00000000034882) still shows bullish momentum, but Fibonacci extensions suggest resistance near $0.00000001555 – a 276% gap from current levels.
What to look out for: A close below the 78.6% Fibonacci retracement ($0.0000000021478) could trigger stop-loss cascades.
2. Speculative Volume Spike (Mixed Impact)
Overview: 24h trading volume surged 156.92% to $2.63M, with turnover (volume/market cap) at 1.08 – indicating high liquidity but also speculative churn.
What this means: While elevated volume confirms retail interest, SHIBAAI’s self-reported circulating supply (589.5T tokens) creates dilution risks. The 429% weekly gain lacks fundamental anchors, relying on momentum traders’ “greater fool” dynamics.
3. Meme Coin Divergence (Bullish Impact)
Overview: SHIBAAI defied a 5.35% crypto market decline over 7 days, echoing patterns seen in Dogecoin and Shiba Inu during past alt seasons.
What this means: The CMC Altcoin Season Index rose 61.11% in 30 days, signaling capital rotation to high-risk assets. However, Bitcoin dominance remains elevated at 57.12%, capping sustained alt rallies.
Conclusion
SHIBAAI’s rally stems from meme coin speculation and technical momentum, but overbought signals and supply inflation risks loom. Traders face asymmetric downside if sentiment shifts.
Key watch: Can SHIBAAI hold above its 7-day EMA ($0.0000000019473) – a 52.8% drop from current levels – to avoid a liquidity crunch?