Shiba Inu witnessed a substantial decrease in its price over the past month. What does Shiba Inu have in store for its holders?
price has been seeing massive volatility over the last few days. However, in recent times, its overall price movement has been mostly negative.Over the last month itself, SHIB declined by 6.49%. During this period, the price showed multiple lower lows and lower highs. This indicated that SHIB was moving in a bearish trend.
With an RSI value of 41.33 falling below the standard threshold of 50, it indicated a shift towards bearish momentum.A low RSI could also be interpreted as a possible precursor to a price rebound or a slowdown in the current bearish trend. A CMF of 0.13 suggested positive money flow, indicating that there is still a considerable amount of buying pressure in the market.
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