🐶 SHIB shows signs of recovery — but caution is needed
Shiba Inu ($SHIB ) is bouncing back from recent lows as the RSI indicator recovers from the oversold region (30.18 → 47). However, the inability to surpass the important RSI threshold of 51 indicates that the upward momentum remains weak.
📉 Meanwhile, whale activity continues to gradually decrease: the number of wallets holding ≥1 billion SHIB has dropped from 10,259 to 10,231 since June 11, reflecting weakened confidence from large holders.
💹 The price is currently hovering around the important support zone ($0.0000119), but the structure of the EMA lines still leans towards a bearish trend. If this support level cannot be maintained, SHIB could drop to $0.0000114.
🚀 Conversely, if the price surpasses $0.0000128, SHIB could advance to $0.0000136 and further to $0.0000146 — but buyers need to demonstrate clearer strength.