Shiba Inu (SHIB) price continues to show high volatility amid mixed technical signals. With a 19.01% gain in the past seven days, SHIB maintains its position as the second-largest meme coin by market cap, trailing only Dogecoin (DOGE).

The coin’s technicals paint a complex picture, with RSI cooling off from overbought levels and decreasing whale accumulation suggesting potential short-term corrections. However, strong EMA indicators still leave room for significant upside potential, making SHIB’s next price move particularly crucial for traders.

SHIB RSI Is Down From Overbought

SHIB’s RSI (Relative Strength Index) decline from 85 to 51.8 indicates a significant cooling off in buying momentum. When RSI was at 85, it showed SHIB was heavily overbought, with buyers dominating the market.

The current RSI of 51.8 suggests a more balanced market, where buying and selling pressures have equalized following a period of traders’ profit-taking.

The historical RSI of nearly 90 during SHIB’s peak at $0.000033 represented an extreme overbought condition that was unsustainable. The current drop to 51.8 suggests a healthy consolidation phase rather than a trend reversal, as readings between 40-60 typically indicate stable market conditions.

While this cooling off might lead to a short-term price correction, it doesn’t necessarily signal the end of the uptrend. It allows for more sustainable price growth by preventing market exhaustion.

Whales Are Not Accumulating Shiba Inu

The declining number of SHIB whales indicates large holders are taking profits or reducing exposure during recent price increases.

Whales, who can significantly impact the market due to their large holdings, often set market trends that smaller investors follow. Their gradual exit suggests caution about SHIB’s current valuation levels.

The drop from 11,013 to 10,858 wallets holding over 1 billion SHIB represents a loss of 155 major holders in just one month. This distribution of tokens from large to smaller holders typically creates selling pressure and could signal a weakening bullish sentiment.

However, this redistribution also means SHIB ownership is becoming more decentralized, which can be healthy for long-term price stability despite short-term selling pressure.

SHIB Price Prediction: Is a 17% Correction Imminent?

Shiba Inu price falling below the shortest EMA line signals momentum loss in its recent bullish trend.

While longer-term EMAs remain bullish, the price action beneath the fastest-moving average suggests that short-term bearish pressure is building.

The price is now at a critical junction with significant price swings possible in either direction. A bearish scenario could drive SHIB price down to test $0.000026 and $0.000023 support levels, representing a 17.8% decline.

Conversely, if bulls regain control, SHIB price could retest its recent high of $0.000033 and potentially surge to $0.000040, offering a 42% upside from current levels.

For the first time since its approval, Ethereum exchange-traded funds (ETFs) have recorded monthly inflows surpassing $1 billion, signaling a significant rise in institutional interest. This milestone coincides with ETH’s price climbing to $3,700, raising expectations for further gains in the near future.

With institutional demand poised to bring long-term stability, the substantial inflows suggest that Ethereum is becoming a preferred asset for diversified portfolios. How will this affect ETH’s price?

Ethereum Sees Improved Institutional Interest

In September, Ethereum ETFs faced a tough month with net outflows of -22,678 ETH, indicating weak investor demand. However, October saw a dramatic rebound, with 218,878 ETH in inflows, showing a surge in investor interest.

November continued the positive momentum, with Glassnode reporting a significant jump to 288,733 Ethereum ETF monthly inflows — the highest since the ETF’s approval in July. With ETH trading above $3,700, this surge translates to a remarkable $1.06 billion, marking a key milestone for the altcoin.

This influx of capital signifies a bullish outlook for Ethereum. Just as Bitcoin’s price soared to new all-time highs following consistent inflows in the billions, Ethereum could be poised for a potential price rally in the short term, echoing the same pattern.

Furthermore, the Historical In/Out of Money (HIOM) also supports this outlook. The HIOM metric tracks the variation in holders’ profits over time, revealing the percentage of addresses that would have made or lost money if they had sold at any given point.

It also highlights which side holds the momentum — buyers or sellers — offering critical insights into market sentiment. Typically, a decrease in the number of addresses in the money discourages potential buyers from accumulating, indicating a bearish outlook. 

However, in Ethereum’s case, the ratio of profitable holders has risen. This increase suggests that more participants could be incentivized to buy the altcoin or invest in the ETF. If this trend continues, it could drive ETH’s value higher.

ETH Price Prediction: Hike to $6,000 This Cycle?

On the weekly chart, Ethereum is mirroring a previous pattern, with its price peaking at $4,891 in November 2021. Prior to that, a significant correction occurred between February and March 2020.

A similar pattern unfolded from May to November this year, and with a bullish reversal already underway, Ethereum appears ready to challenge its all-time high.

If this trend holds, ETH could surge toward $6,000 within a few months. However, this bullish outlook hinges on continued institutional and retail demand. Should Ethereum ETF monthly inflows falter, this prediction may not come to fruition

XRP (Ripple) price has surged to its highest levels in six years, reaching new milestones amid growing optimism around the coin’s ecosystem. The coin has skyrocketed approximately 450% over the past 30 days, making it one of the best-performing cryptocurrencies in the market.

The remarkable price action comes as technical indicators suggest strong bullish momentum, though some metrics hint at potential consolidation ahead.

XRP RSI Is Still Above 70

The Relative Strength Index (RSI) for XRP has maintained an overbought position above 70 since late November, reaching peaks near 90 before recently declining to 71.5. This sustained period in overbought territory aligns with Ripple significant price surge, demonstrating strong bullish momentum that has dominated the market for several weeks.

The RSI serves as a momentum indicator, measuring the speed and magnitude of price movements on a scale of 0 to 100. Readings above 70 typically indicate overbought conditions, and below 30 suggest oversold conditions.

While XRP RSI remains in overbought territory at 71.5, its gradual decline from recent highs near 90 could signal that buying pressure is starting to ease. However, this doesn’t necessarily predict an immediate reversal of the uptrend, as assets can maintain overbought conditions during strong bull runs.

The decreasing RSI might suggest a potential consolidation phase or a more sustainable pace of growth rather than a definitive end to the current uptrend.

Ripple CMF Has Been Positive For Four Days

The Chaikin Money Flow (CMF) for Ripple price has maintained a strong positive value of 0.34, continuing its upward momentum since November 29.

The CMF is a volume-weighted average of accumulation/distribution over a specified period, typically 20 days, that helps measure buying and selling pressure. Values above zero indicate net buying pressure, while negative values suggest selling pressure.

XRP elevated CMF reading of 0.34 indicates substantial buying pressure and institutional interest, supporting the current uptrend. This high positive value suggests that most trading volume occurs at prices higher than the previous period, reinforcing bullish sentiment.

While the CMF remains significantly positive, it supports the continuation of the uptrend.

XRP Price Prediction: Can It Rise To $3 In December?

XRP EMA Lines display a strong bullish structure, with faster EMAs positioned above slower ones and price trading comfortably above the shortest EMA. As the bull run continues, XRP faces a significant psychological and historical target at $3.00.

Beyond that, the all-time high of $3.18 presents the next major resistance, representing a potential 18.5% gain from the current XRP price.

However, the uptrend carries downside risks that traders should consider. Key support levels have formed at $2.29 and $1.88, marking potential pullback targets if momentum wanes.

A correction to these levels would represent a significant retracement of up to 32% for XRP price, though such pullbacks are common even within sustained bull trends.