InvestorsObserver gave Shiba Inu (SHIB) a neutral rating, but the price action tells a different story. Over the past week, Shiba Inu (SHIB) has surged an impressive 162.28%, with a gain of 10.16% in the last 24 hours. This strong price performance seems to contradict the neutral rating.
However, a key factor to consider is the trading volume of Shiba Inu (SHIB). Despite the price increase, trading activity for Shiba Inu (SHIB) has decreased by 34.68%. This could indicate that the recent price rise of Shiba Inu (SHIB) might not be fueled by widespread buying, but by a smaller group of active traders.
In simpler terms, the price is going up, but fewer people are trading Shiba Inu (SHIB). Thus, its rating is neutral! Moreover, while the price movement of Shiba Inu (SHIB) is positive, but the trading activity suggests Shiba Inu (SHIB) might not be sustainable.
Pepe Coin (PEPE) has been a star performer lately, climbing to third place among meme coins. This follows a month of steady growth, with a particularly impressive one-week stretch that saw Pepe Coin’s (PEPE) value jump by 200%. Pepe Coin (PEPE) gained a whopping 255% in the past week. Even within a single day, Pepe Coin (PEPE) surged nearly 50%.
However, it’s important to note that Pepe Coin’s (PEPE) price is currently down slightly from its recent peak. Despite this small dip, analysts looking at Pepe Coin’s (PEPE) charts are optimistic about its future potential. Thus, Pepe Coin (PEPE) might climb even higher in the coming days.
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