Shiba Inu (SHIBA)
Shiba Inu (SHIB) has been showing remarkable price movements recently. In the past week, its price has decreased by around 6%. In contrast, the past month has brought a slight increase of 3%. Looking at the past six months, the price of SHIB has surged by almost 42%, highlighting its strong growth over a longer period.
The recent weekly decline could suggest a short-term correction. Technical indicators show a Relative Strength Index (RSI) of 34.51, which is approaching oversold territory. This could signal a potential rebound in price soon. The Stochastic value is 23.71, also indicating possible undervaluation.
SHIB is currently trading between $0.00002396 and $0.00003200. The closest resistance level is at $0.00003614. If the price breaks above this level, it could see gains of around 13%. The closest support level is at $0.00002006. A drop below this could lead to a drop of around 16%. The 10-day Simple Moving Average (SMA) is $0.00002572, slightly below the 100-day SMA of $0.00002704. This alignment suggests a cautious outlook, but the significant six-month growth points to potential for further upside$SHIB
