Shiba Inu (SHIB) prices surged by 5% in the last 24 hours, sparking speculation about potential price increases and further gains. The surge was driven by a combination of market volatility and whale activity. Experts are attributing this rise to large transfers of SHIB tokens observed on the blockchain, which may indicate short-term volatility. However, despite the bullish sentiment, SHIB’s price is decoupling from major cryptocurrencies like Bitcoin and Ethereum as they experienced declines in value. This divergence highlights the unpredictable nature of meme tokens amidst market fluctuations. 5% price increase in just 24 hours has triggered speculation on whether SHIB will continue its upward trajectory or if it will be hit by a pullback, with experts noting historical patterns suggest similar trends for altcoins like SHIB. Despite the short-term gains, the volatility may pose risks to investors and traders. Market analysts are cautiously optimistic about the potential of SHIB’s price movement due to high trading activity. However, they warn that if liquidity subsides, it could lead to a pullback in price. 20 on the Fear and Greed Index suggests cautionary sentiment in the market with implications for future stability. Market participants need to watch the SHIB price fluctuations closely for potential gains or risk of significant losses.