SHIB has the potential to rise up to 40%

Shiba Inu (SHIB) is trading between $0.00001176 and $0.00001611. The coin has dropped nearly 30% in a week, but this dip could be a buying opportunity. With a Simple Moving Average (SMA) over the last 10 days at $0.00001198, it’s slightly above the current range. Resistance levels are at $0.00001888 and $0.00002324, suggesting a potential rise of up to 40%. The Relative Strength Index (RSI) at about 32 indicates SHIB is nearing an oversold state, hinting at a potential rebound. Despite recent losses, SHIB remains up over 30% in the past six months, showing a strong comeback chance.#$SHIB