Shiba Inu (SHIB) Price: Bullish Trend or Temporary Stability?

Shiba Inu (SHIB) is trending upward, trading above key

exponential moving averages (EMAs), indicating a positive but

modest uptrend. The narrow EMA spacing suggests that

momentum is limited. Whale activity remains stable, with

around 11,000 wallets holding over 1 billion SHIB, showing

cautious optimism.

SHIB’s Relative Strength Index (RSI) has dropped to 55.62,

moving out of overbought territory, indicating neutral sentiment. If momentum builds, SHIB could test resistance at $0.00001959, with potential gains up to $0.00002171. If momentum fades,

support could hold at $0.00001758 or $0.00001583. Traders are

watching to see if SHIB breaks through or stabilizes.

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