Summary
TLDR: Shiba Inu price is close to bringing profits to investors, but is losing momentum. Bearish signals are present in RSI and MACD indicators. Investors are looking to book profits, which could result in a price decline. Price prediction suggests a drawdown to $0.00003084, but breaching $0.00003599 resistance could reignite bullishness and lead to further gains.
Key Points
1. The Shiba Inu price is on the verge of bringing significant profits to investors, but the meme coin is losing bullish momentum, making it unlikely to reach its target.
2. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators have been showing bearish developments, indicating a potential price correction and trend reversal for Shiba Inu.
3. Shiba Inu investors are looking to lock in profits by depositing their holdings onto exchange wallets, signaling a potential bearish outcome for the price of Shiba Inu.