$SHIB
đšShiba Inu Price Prediction: Does It Even Try To Pump Anymore, Worst Performer?đš
Shiba Inu is the worst performer among the top memecoins. The burn mechanism is in constant decline, and the narrative being âdog-themed-memecoinâ is considered old now.
The Shiba Inu chart is basically a clean descending channel that has been respected for a long time, with lower highs and lower lows grinding price down in a very orderly way.
Right now, the price is sitting right on the lower boundary of the channel, which is an important area. Historically, this is where short-term relief bounces can start if buyers step in.
RSI is sitting around the mid-40s, which backs that up. It is not oversold, but it does show bearish momentum cooling rather than speeding up.
Until SHIB breaks and holds above the channel resistance, this remains a bearish structure with bounce potential, not a confirmed reversal. In short, the trend is still weak, the price is sitting at support, and this is an interesting spot, but confirmation is everything.