🔀 Shiba Inu coin price forecast #SHIB، : ✔️Selling activity will pressure prices downward
The price of SHIB may continue to decline as demand for the #MemeWatch2024 meme coin declines. ✅ For example, the Relative Strength Index (RSI) is currently trending downward.
✔️This indicator measures overbought and oversold market conditions as it ranges between 0 and 100, and values above 70 indicate that the asset is overbought and is expected to decline. On the other hand, values under 30 indicate that the asset is oversold and may see a bounce.
🟢At press time, the RSI for the Shiba Inu #shiba⚡ of 33.78 indicates an increase in selling pressure on the meme coin.
🔵If coin holders continue to sell their holdings, the price of the Shiba Inu SHIB coin may fall to $0.000016.
However, if sentiment turns from bearish to bullish and buying activity increases, the value of #SHİB could rise towards $0.000019.