Why a Trend Reversal for Shiba Inu (SHIB) could be on the Horizon
Shiba Inu (SHIB) may be entering a recovery mode soon, as the bearish rally appears to be fading. The digital asset appears to be moving along a solid support level at $0.00001, with a decrease in trading volume that could indicate an imminent trend reversal. The Relative Strength Index (RSI) currently stands at 40, which provides more insights into the asset’s potential future trajectory. This suggests that bears are losing their grip on the asset, allowing buyers to regain control and push SHIB’s price upward. However, it is important to note that meme assets like Shiba Inu or Dogecoin are highly volatile and unpredictable, and multiple factors can influence the price movements of digital assets.
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