The Shiba Inu price surged 10% in the last 24 hours to trade at $0.00001489

Currently still the second-largest meme coin, Shiba Inu started seeing a strong price increase on Monday, March 24, going from $0.00001282 to the current price of $0.00001489.

The Shiba Inu price surged 10% in the last 24 hours to trade at $0.00001489 as of 2:25 a.m. EST on trading volume that skyrocketed 35% to $296.59 million.

Shiba Inu's (SHIB) price started seeing a strong increase on Monday, March 24, going from $0.0082 to the current price of $0.0098.

The project is currently also one of the best performers among the top 10 largest meme coins by market cap, bested only by Fartcoin, which is currently up by 13.5%.

Shiba Inu (SHIB) Price Prediction: Bollinger Bands Show Tight Fluctuations As Token Surges 10%

Shiba Inu's price increase over the last few days did not reflect too strongly on its Bollinger Bands, however. Its price growth was steady and accompanied by fluctuations that continuously sent the price from the lower band to the upper one, and back again.

Due to the fact that there were no sharp surges prior to today, the bands remained relatively tight. However, a few hours ago, on late Tuesday and early Wednesday, the token's price took off much more sharply, causing the bands to expand, which is often seen as a bullish signal.

Even now, the price continues to push upward, pushing the upper band further up, and increasing the distance between it and the lower band.

SHIB/USDT chart analysis (Source: TradingView)

The project's Relative Strength Index (RSI) value further supports this, showing that the RSI has mostly fluctuated between the neutral value of 50 and the overbought zone on March 24. Early March 25 brought a small sell-off that pushed the RSI down to the value of 33.55, but it did not actually reach the oversold zone.

Even so, traders jumped on the opportunity to buy the dip, pumping the RSI back up, almost to the value of 80. Even after dropping from that height, it is still sitting at around 70 on average, with slight fluctuations around this level, suggesting high optimism and increased buying power.

However, this could result in a new sell-off if traders decide to take profit, rather than trying to breach the resistance at $0.0005.

Promising Alternative To Shiba Inu: Meme Index (MEMEX)

While Shiba Inu introduced a good earning opportunity, an even better one may lie with Meme Index (MEMEX) — a new meme coin currently still in ICO that investors have recently doubled down on.

The reason for this is that the project's presale is about to end, with only five days remaining.

Meme Index is a new project that aims to make meme coin investing simpler and reduce the associated risks as much as possible. It does this by offering baskets of meme coins — indexes — for users to invest in, and diversify their portfolio with a single investment, rather than buy each coin separately.

There's only ONE way to get summer gains and that's with $MEMEXGet ready for the Frenzy! 🔥📈https://t.co/7P9aYCaBEn pic.twitter.com/0Vi8IBvyyG

— Meme Index (@memecoin_index) March 26, 2025

The benefit of this is that any of the four indexes on offer is safer than investing in a single meme coin, whose price would dictate the success or failure of your investment. Each of the four, known as Titan, Moonshot, MidCap, and Frenzy, has its own risk level and reward potential, with Titan being the least risky, while Frenzy is the riskiest, but also the most rewarding if things go your way.

With the ICO ending, investors have been buying the token rapidly, pouring over $4.25 million into the project, whose token's price is currently $0.016683. Experts like crypto YouTuber ClayBro , who has over 135K subscribers, even see it as a great way to secure a meme coin portfolio.

Check out MEMEX on its official website.