The Shiba Inu price is presently on the verge of bringing significant profits to its investors. The target is not too far either, but the meme coin is losing the bullish momentum necessary to make this happen.

However, if things go sideways, the chances of Shiba Inu making it to the target and generating profits will be rather bleak.

Shiba Inu Price Dip Is Likely

Shiba Inu price has managed to chart significant growth, but this increase has slowed down in the last three days. Since March 5, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) have been observing bearish development.

The Relative Strength Index (RSI) measures the magnitude of recent price changes to evaluate overbought or oversold conditions in a market. A high RSI indicates overbought conditions, potentially signaling a price correction, while a low RSI suggests oversold conditions, potentially indicating a buying opportunity.

The Moving Average Convergence Divergence (MACD) is a momentum indicator that sh

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Author: Aaryamann Shrivastava

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