🔍 SHIB Weekly Snapshot: Bearish Signals Strengthen Despite Flat RSI

Current Price: $0.00001146

Weekly Change: -1.13% 📉

24H Change: +0.17%

Over the past 7 days, Shiba Inu (SHIB) has seen a 1.13% decline, signaling a modest downtrend. While the price hasn’t dropped dramatically, what’s more notable is the sharp 99.04% decrease in trading volume, pointing to reduced trader interest and activity.

📊 Technical Overview:

MACD: Strong bearish crossover, highlighting ongoing selling pressure

OBV: Downtrend confirms negative volume flow

Bollinger Bands: Tightening, suggesting reduced volatility and possibly oversold conditions

RSI: Remains neutral, not fully reflecting the bearish momentum

🧠 Takeaway: Despite SHIB holding near its current level, underlying indicators reveal weakened momentum and diminished volume—a cautious signal for short-term traders.

⚠️ Disclaimer: Crypto markets are highly volatile. This is not financial advice. Please do your own research before investing.

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