🔀 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.