Shiba Inu (SHIB) has experienced a 162% surge in 2024, but is currently in a consolidation phase with only a 2% gain in the last week. Ranked 13th by market cap, SHIB is the second-largest meme coin after Dogecoin. Technical indicators like RSI, whale activity, and EMA movements are giving mixed signals on SHIB's price direction. The RSI is at a neutral 46.45, suggesting a lack of strong momentum. The number of wallets holding 1 billion SHIB has decreased, indicating potential profit-taking among large holders. SHIB's price is supported at $0.0000266, with a possible drop to $0.0000241 if this level fails. EMA lines are close, signaling weakening momentum. A breakout above $0.0000297 could lead to a rise to $0.000033. Investors should conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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