Shiba Inu (SHIB) is showing mixed signals in its technical analysis. The RSI is at 60, suggesting a neutral to slightly bullish outlook. If it rises above 70, SHIB may become overbought, signaling a potential pullback. Conversely, a drop below 30 would indicate oversold conditions, presenting a buying opportunity.
There’s also a bearish divergence on the 4-hour chart, as SHIB's price is rising while RSI is making lower highs, which could lead to a reversal. The 50-day EMA is above the 200-day EMA, which remains bullish, but a break below the 50-day could signal short-term weakness.
Entry: Consider entering around $0.0000090 or if RSI drops near 30.
Exit: Look for an exit near $0.0000120 or if RSI rises above 70. If SHIB falls below the 50-day EMA, consider exiting.
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