| Mobile Web

Shiba Inu shows signs of holding lows but downtrend persists

Shiba Inu has drawn buying interest around recent lows, signalling the possibility of a short-term rebound. But its medium- and long-term downtrend remains intact, leaving a full trend reversal unconfirmed. The token is trading below key moving averages, and nearby resistance around $0.0000049 to $0.0000050 is in focus. Indicators such as the relative strength index suggest oversold conditions, while declining sell activity points to fading selling pressure.