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Is Shiba Inu overheating after SHIB price gains 75% in two weeks? -Breaking

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Shiba inu (SHIBAfter rallying almost 75% in just two weeks, the price of ) appears to be poised for drastic corrections.

The memecoin rose to $0.00002961 Monday amid renewed optimism. Buying interests in cryptocurrency markets. Before the retracement, SHIB’s price had crashed by almost 80% from its record high of $0.00008870.

Daily price chart with RSI/I signals TradingView
Daily price chart for SHIB/USD TradingView
Daily price chart for SHIB/USD Source: TradingView
1,000-SHIB long/short ratio. Source: Coinglass