Posted 3/8/2024, 9:00:00 PM
Shiba Inu Rally Slows As Investors Take Profits, But Upside Potential Remains if Resistance Levels Break
- Shiba Inu price has seen significant growth recently, but momentum is slowing down based on bearish signals from RSI and MACD indicators
- Profit-taking by investors is likely, as seen by spikes in tokens being moved to exchanges
- If selling pressure increases, SHIB price could drop to around $0.00003084
- SHIB is close to an important resistance level around $0.00003599 which, if broken, could reignite bullish momentum
- If SHIB holds support and breaks resistance, it could invalidate bearish predictions and breach $0.00004000