With the stability of whale activity, the price of Shiba Inu (SHIB) remains stable

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The price of Shiba Inu (SHIB) has fallen by 10% in the past week, but it remains the second-largest meme coin in the market, second only to Dogecoin. Despite the recent pullback, SHIB's RSI has been steadily climbing, indicating that buying momentum is improving and market sentiment may be shifting.

Whale activity has stabilized after a brief decline, suggesting that both accumulation and distribution have paused, which could lead to short-term price consolidation. As SHIB trades within a certain range, breaking through key resistance levels could open the door for a 29.5% increase.

The relative strength index (RSI) for Shiba Inu is currently 52.6, a significant increase from 41 two days ago. This rise reflects a noticeable shift in market sentiment, with buying momentum strengthening after a relatively weak period.

The RSI is currently in the neutral zone, indicating that neither buyers nor sellers have overwhelming control. However, the upward trend suggests that the short-term outlook for SHIB's price has improved.

RSI is a momentum oscillating indicator used to measure the speed and magnitude of price changes, ranging from 0 to 100. Values above 70 indicate overbought conditions, which may lead to price corrections, while values below 30 indicate oversold conditions, usually signaling a rebound.

Shiba Inu's RSI is 52.6, placing the token in a balanced range, with further upside potential if buying pressure continues to increase. However, the neutral RSI also means that prices may stabilize unless there is a strong catalyst to drive momentum in either direction.

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