Shiba Inu Coin | Fear Index Signals Bottom For SHIB!

Added: 2026-05-08

[00:00:03]We've got a little bit of a bounce today in cryptocurrency prices are on the rise. Now, 2% higher doesn't seem like much, but it's a very strong move after of course falling following the Federal Reserve's, I guess discussion or press conference on their interest rate decision. Now, we got to deal with all of that. We've got to deal with all the uncertainties between Iran and the United States. We've got to deal with all of the fear in the market, but sentiment is rising and so are prices.

[00:00:33]And we're actually starting to see some meme coins do very well as well. Now, we're going to be focusing in on Shiba Inu Coin in this video and it says Shiba Inu Coin climbs as the Fear & Greed Index signals a bottom. Shiba Inu Coin rivals Based Eggman staking explodes.

[00:00:48]We're not really going to talk too much about Eggman in this video here, but we are going to be focusing in on Shiba Inu Coin. So, if it sounds like something you're interested in, let's get started.

[00:00:59]What's up, everybody? I'm Clay and I do want to say thank you guys for watching the video. Thank you for subscribing to the channel and thank you for understanding that YouTube is now run by AI. Well, it is allowing general discussions about crypto, NFTs, and other digital assets. That's all that this video is. It's not a promise, promotion, suggestion, recommendation, or guarantee of any kind. Just you and I going over the latest crypto news, going over the latest market analytics, and of course focusing in on Shiba Inu Coin's price action. And you can see green on the day today, testing a breakout of this resistance.

[00:01:33]Now, hopefully it does. Hopefully it climbs up above this 640 point per coin horizontal resistance that has capped Shiba Inu Coin for the last several months. If it's able to break that, there are several things that we could be doing here because we're watching moving averages begin to rise. Now, the 100-day moving average, I believe it's just right around where we are right here. So, we could run into resistance, but if broken, the next level of horizontal resistance is at about 700 points per coin. So, we could see a nice 10% gain before we reach that next resistance level. Now, with all of that being said, Shiba Inu Coin investors are still cautious. Right? You zoom out, you can see the ship is down dramatically over the last couple of years, which is why search interest, which is why excitement, which is why FOMO, all of that is is at record low levels.

[00:02:24]And you can see that quantified out here on Google Trend Analytics, Shiba Inu Coin search volume currently at a level of less than one. Think about that, guys.

[00:02:34]Less than 1% of the people that were searching for Shiba Inu Coin in 2021 are currently searching for Shiba Inu Coin.

[00:02:42]Now, the overall market is doing very well. Bitcoin above $78,000. You've got Ethereum above 2300 and Solana's floating right around 84. Things could clearly be better, but they're better than they were a couple of days ago. So, we've got to celebrate and we've got to I guess commemorate the the small victories and that's exactly what we're seeing right here is a small victory.

[00:03:04]Now, let's just jump right into the article.

[00:03:06]>> [clears throat] >> And it says that the Crypto Fear & Greed Index has reset to bottom signal levels and Shiba Inu Coin is climbing on the back of Rakuten's Wallet Japan listing of Shibarium's RPC migration. It says the same sentiment shift is lifting base meme coins like Based Eggman. Now, the Fear & Greed Index, why sentiment resets resets lift meme coins?

[00:03:27]Fear & Greed or Fear Index resets historically precede meme coin rallies because they mark a point where weak hands have already exited and we've seen that, right? We've witnessed levels of five, extreme fear, and so on. Capital that stayed through the drawdown, that's you and I, rotates back into higher beta plays first. And it says Shiba Inu Coin has been catching that flow this week.

[00:03:50]The same dynamic lifts the top crypto pre-sales like the Eggman they're talking about here. And it says Shib's wallet count have hit record highs as the new Rakuten wallet has exploded or expanded retail access. Even as the burn rate dropped 90% from its peak, Shibarium upgrades, blah blah blah, nobody cares about Shibarium. So, total supply 589 trillion tokens, record wallet growth. Now, think about that. I believe I did a video yesterday, day before, they added 20,000 Shiba Inu Coin wallets over the last week or over the last month or something like that. And we are sitting at near peak levels of Shiba Inu Coin holders. That's an excellent sign, guys. And I know that it doesn't feel like that, right? Because so many people have lost interest. It doesn't feel like that because Shiba Inu Coin's price is down, but that's exactly what we're seeing here. Now, the rest of the article does go on to talk about Based Eggman and so on. I want to focus in on Shiba Inu Coin and some of the positives that we've got to look forward to there.

[00:04:51]So, let's go on over to the meme coin category here and see what meme coins are doing today.

[00:04:56]Because with the Fear & Greed Index at a level of 45, it is rising from the level of 40 that it was at yesterday. Here's what you see, though. Major gainers.

[00:05:07]In the overall most visited meme coins, rising in value. This is the type of activity that gets investors interested.

[00:05:16]You know, meme coins are are meme coins for a reason. If people were interested in 1 to 2% daily gains, they would be investing in Bitcoin, Ethereum, Solana, and so on. But meme coins are extremely high risk and extremely high reward.

[00:05:35]Now, looking at that, take a look at look, B, Yuru. We're talking about 242%, 123%, 45% daily gains in these meme coins right here. Absolutely insane.

[00:05:51]But scroll on down the list and you can see that overall meme coins are doing very well. You've got Dogecoin up 3% today, 12% on the week, finally back up above 10 cents. Meme core, it is down on the week, but remains at the number two spot just above Shiba Inu Coin. Shib, slow movement. This is very slow for a meme coin, guys. 1% daily gain, 3% weekly gain, sitting still at the at the same level that it's been at. I do hope for a breakout and a breakout through these resistance levels, you know, even if it's just to reignite the excitement. Something needs to happen in this crypto space and Shiba Inu Coin could make that happen.

[00:06:33]Now, Pepe 3%, Poji Penguins back up to a penny, Bonk sitting at almost 2% higher in the day today, Trump down heavy on the week at 20% loss on the week here, Siren up 8% today to 72 cents, and so on. Meme coins, look at this, guys.

[00:06:50]Build-on doing amazing right here. 124% daily gain. Fart Coin back up to 20 cents, Dog of Hat near 20 cents. So, scroll on down the line and you can see that meme coins are making a comeback.

[00:07:07]And this is nowhere near what they could do when we finally get back to that extremely greedy situation.

[00:07:15]We're just we're just a couple ticks out of the fear.

[00:07:19]We're not even in greed yet.

[00:07:21]Imagine what happens during extreme greed. And that's why I continue to accumulate. I do it now so that I'm not buying at the top when everybody else is buying at the top. I'm buying at the bottom so that I can sell at the top.

[00:07:37]Now, if you guys are interested in accumulating cryptocurrency, I do so in three places. On the blockchain through wallets like Best Wallet. I use my preferred centralized exchange is KCS.

[00:07:47]You guys got a link for this down in the description. These guys have the best selection of cryptocurrency that I've seen available in the United States.

[00:07:54]Man, they got that Build-on on there.

[00:07:55]170 117% gain. BR's up 30%, Upeg's up 94%. So, there is money to be made in the market right now. And you can trade on up to 125x leverage. And I've got four trading bots running on Bitunix booking small profits, yes, but profits all day long, all night long, zero emotion involved. Let me know what you guys think about it all down in the comments below. And until the next time, hope that each and every one of you have an awesome day.