The Relative Strength Index (RSI) is an indicator often used to determine overbought or oversold conditions; presently it reads 40.31. This signifies that SHIB is neither oversold nor overbought, but trending into moderate levels which could indicate future price stabilization or advance if market conditions improve.
Moreover, Mixed signals are shown by Moving Average Convergence Divergence (MACD). Though there remains a bearish mood generally’ there’s a bullish divergence that could imply some weakening bears’ momentum If this trend continues, SHIB may enter into bullish territory.
