Shiba Inu (SHIB) has experienced a seven-day losing streak, hitting its lowest price since October 2024. However, a recent green candle has raised questions about whether the downtrend is ending. SHIB fell below important support levels and the 200 EMA, with poor trading volume and lack of momentum contributing to the decline. The Relative Strength Index (RSI) indicated that SHIB was undervalued, but buyers were not interested until now. To resume its bullish trend, SHIB needs to recover $0.00001990 and face resistance levels at $0.00002078 and $0.00002200. If the rebound fails, the next target is $0.00001700, and prices could drop as low as $0.00001500. Consistent buying pressure is needed to prevent another selling wave.



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