$SHIB Overbought on Daily Chart as Fear Dominates Market

Shiba Inu crypto is in a precarious position after its daily RSI reached 77.27, indicating it has entered overbought territory.

This comes as the broader market hovers near $2.3 trillion and the Fear & Greed Index sits at 26, reflecting deep market caution despite rising prices.

The hourly chart, however, shows a bullish trend structure with an RSI of 58.19, which keeps the short-term trend intact.

Traders are advised to be cautious as the daily and hourly timeframes demand disciplined position sizing due to their conflicting signals.