Shiba Inu $SHIB has experienced mixed price movements. Over the past week, its price dropped by 6%, while the last month saw a modest increase of 3%. Over six months, SHIB surged by 42%, showcasing strong long-term growth.
The recent dip may signal a short-term correction. The Relative Strength Index (RSI) is at 34.51, nearing oversold territory, potentially hinting at a rebound. Similarly, the Stochastic value of 23.71 suggests SHIB might be undervalued.
Currently trading between $0.00002396 and $0.00003200, SHIB faces resistance at $0.00003614, with a potential 13% gain if surpassed. Support lies at $0.00002006, and a drop below could mean a 16% decline. The 10-day SMA of $0.00002572 is slightly below the 100-day SMA of $0.00002704, indicating a cautious outlook despite its substantial six-month growth. SHIB's long-term potential remains promising.
