At the time of writing this analysis, $SHIB is trading at $0.00002303, having increased by over 6% in the last 24 hours.

The token is currently holding above the nearest support level at $0.000021. However, if the bulls fail to maintain this level, the meme coin could face a drop to $0.000019.

But if buyers have enough strength, and the sentiment in the broader cryptocurrency market begins to improve, then the price of Shiba Inu could rise to $0.000026.

The 14-day Relative Strength Index (RSI) currently stands at 36.51, indicating natural market conditions without oversold or overbought levels. Similarly, the Relative Strength Index (RSI) on the weekly chart is at 32.21, which also indicates natural market conditions.$BTC $ARB #BtcNewHolder