🔍 Is Shiba Inu (SHIB) Primed for a Bullish Shift?

Despite a recent 10% weekly dip, $SHIB impressive annual growth of 116.65% has kept it in the spotlight. The technical indicators show mixed signals:

📊 RSI at 46: SHIB is not overbought or oversold, suggesting room for price movement.

📈 SMA & EMA: Stable, with no major trend changes.

📉 MACD & AO in Negative: Current bearish momentum could signal caution, but potential for reversal exists.

The recent increase in burn rates hints at community commitment, possibly reducing SHIB supply and setting the stage for price appreciation 📈. Whale activity and patterns breaking away from the wedge suggest that Shiba Inu may be ready for an upward move. Remember, though, market sentiment and macro events play a significant role, so stay informed and watch closely!