Is Shiba Inu (SHIB) making a move? The price is finally starting to move!
#SHIB finally produced a long-awaited green candlestick. While it's too early to say the trend has reversed, it at least shows that selling pressure isn't as intense. After weeks of continuous declines, this small rebound is a welcome respite. The RSI has been in oversold territory for a long time, indicating excessive momentum, sellers are starting to tire, and buyers are slowly testing the market.
In the short term, a conservative expectation is a slight pullback, targeting short-term moving averages and resistance levels; if the rebound fails, the price may fall further. The most optimistic scenario is a gradual bottoming out, creating higher lows, and slowly accumulating strength. In short, although this move is small, Shiba Inu has really "woke up" a little bit 💪.
