Downward pressure intensifies, but is there a chance?

SHIB is currently trading at 0.00001298 with a slight increase (+1.56%), but technical indicators and on-chain data indicate a clear weakness in momentum.

🔍 Technical indicators:

- RSI is at medium to low levels, reflecting a decline in buying pressure

- MACD is trending towards a bearish crossover, reinforcing the negative outlook

- Trading volumes are declining, indicating reduced demand

🐋 On-chain data:

- Exchange balances are rising, indicating readiness to sell

- Wallet growth is slowing down, and whales are quietly distributing.