SHIB holds near $0.00000517 as volume stays weak and RSI sits at 40
- —SHIB trades near $0.00000517, failing to hold above its long-term average of $0.00000563
- —Daily RSI near 40 signals weak momentum without entering oversold territory
- —Exchange reserves stand at 87.1 trillion SHIB, with net outflows of 98.9 billion tokens
- —Value of SHIB held on exchanges fell 0.69% to $447.7 million
Why it matters: A break below $0.00000500 could open the way to September's $0.00000475 low, while a move above $0.00000530 would ease selling pressure.
Source: Coin Türk