Despite a recent 10% decline in price, Shiba Inu (SHIB) remains the second-largest meme coin after Dogecoin. The Relative Strength Index (RSI) has been steadily climbing, indicating improving buying momentum and a potential shift in market sentiment. Whale activity has stabilized, suggesting a pause in accumulation and distribution, which could lead to short-term price consolidation. Breaking a key resistance level could open the door for a 29.5% upside. SHIB's RSI currently sits at 52.6, indicating a balanced range and room for further upward movement. The number of addresses holding at least 1 billion SHIB has increased, but has since stabilized, indicating a pause in whale activity. SHIB price is currently trading within a defined range, with resistance and support levels defining its immediate boundaries. Failure to hold support could lead to downside pressure, while breaking resistance could trigger upward momentum.



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