The price of Shiba Inu (SHIB) has dropped by 21% in the past month, with trading volume also declining by 16% in the last 24 hours. Technical indicators are mixed, with the Relative Strength Index (RSI) recovering from oversold levels but still remaining neutral, indicating a lack of strong momentum. Whale activity has decreased, with the number of large holders hitting a month-low, suggesting potential distribution. The next move for SHIB will depend on whether it holds its key support or breaks through resistance levels. The RSI currently suggests consolidation or mild bearish pressure, but a break above 50 could indicate stronger bullish momentum. The decline in whale numbers signals potential downward pressure on the price, but the stabilization near recent lows could provide a foundation for recovery. The price chart shows support at $0.0000205, with a potential correction of 11.9% if this level is broken. On the other hand, if an uptrend emerges, SHIB could test resistance at $0.000022 and potentially move toward $0.000024 or even $0.0000298, indicating a significant recovery and renewed bullish momentum.



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