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I just noticed that SHIB is breaking out of the current pressure zone. The current price of SHIB is $0.000006502, down 0.8% over the past 24 hours, but it seems there has been a slight reversal. Over the past 7 days, it’s gained 9.9%, which is quite interesting.
From a technical perspective, SHIB’s price is facing resistance at $0.00000658, which is an important level. If it can break through, we may see further upward movement toward the $0.0000075 zone. However, if it cannot hold its position, it could fall to the area between $0.0000051 and $0.0000059, which is an important support zone.
What stands out is that the RSI is 45.19, which is a neutral area. It does not indicate overbought or oversold conditions. That means the price still has potential to move in either direction. Trading volume has decreased by more than 20%, down to $124.61 million, indicating relatively steady activity.
Based on inflow and outflow data, in the short term, there is quite strong sell pressure. But when looking at the longer term, such as 3 days, the inflow has strengthened again with a 35.79% increase, suggesting that long-term sentiment is starting to return. If SHIB can stay above the resistance level, it should be a positive sign for the next move.