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 dropped by 10% in the past week, but it is still the second largest meme coin in the market, second only to Dogecoin. Despite the recent pullback, SHIB's RSI has been steadily rising, indicating that buying momentum is improving and market sentiment may be shifting.

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

The Relative Strength Index (RSI) for Shiba Inu is currently at 52.6, a significant rise from 41 two days ago. This increase reflects a clear 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.

The RSI is a momentum oscillator that measures the speed and magnitude of price changes, ranging from 0 to 100. A value above 70 indicates overbought conditions, which may lead to a price correction, while a value below 30 indicates oversold conditions, typically signaling a rebound.

Shiba Inu's RSI is 52.6, placing the token in a balanced range; if buying pressure continues to increase, there is room for further gains. However, a neutral RSI also means that prices may stabilize unless strong catalysts push momentum in either direction.

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