The post SHIB Price Surges 10.84% as Technical Indicators Flash Overbought Signals appeared on BitcoinEthereumNews.com.

Luisa Crawford
Sep 13, 2025 10:29

Shiba Inu trades with strong bullish momentum despite SHIB RSI hitting 70.75, signaling potential correction ahead for traders watching key resistance levels.

Quick Take • SHIB currently trading with a 10.84% gain in 24 hours • Shiba Inu’s RSI at 70.75 indicates overbought conditions with potential pullback risk • Recent technical analysis highlights 200EMA as critical resistance barrier for sustained uptrend What’s Driving Shiba Inu Price Today? The SHIB price surge comes amid a week of measured technical consolidation, with recent market analysis pointing to key inflection points. On September 11, analysts noted that SHIB rebounded from the $0.0000128 support level, with the 200EMA emerging as a critical resistance barrier that could determine the next directional move for Shiba Inu. Earlier this week, on September 6, technical analysts had predicted a price correction for SHIB, observing a 0.46% decline with local support identified at $0.00001223. This prediction proved prescient as the market entered a period of sideways trading before today’s notable breakout attempt. The current price action suggests that Shiba Inu has successfully defended its support levels and is now testing higher resistance zones, though the sustainability of this move remains under scrutiny given the technical setup. SHIB Technical Analysis: Overbought Signals Emerge The most significant development in Shiba Inu technical analysis today is the SHIB RSI reading of 70.75, placing the token firmly in overbought territory. This momentum indicator suggests that buying pressure may be reaching unsustainable levels, potentially setting up for a short-term correction. Shiba Inu’s Stochastic indicators paint an even more extreme picture, with the %K at 96.36 and %D at 98.17. These readings indicate that SHIB is trading near the upper bounds of its recent range, which historically has preceded pullbacks in…

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Filed under: News - @ September 14, 2025 4:23 am