- Mon Feb 03, 2025 4:57 am
#20557
Shiba Inu crashing 20% daily, yet its RSI hints at a potential comeback. Is this a classic buy-the-dip scenario, or are we witnessing the beginning of a deeper decline? With the entire meme coin market bleeding, is this a sign of a broader market correction, or is there something unique happening with SHIB? The negative exchange netflow suggests a move towards private wallets. Does this decreased selling pressure indicate a genuine belief in SHIBs long-term potential, or is it simply delaying the inevitable? Considering the volatile nature of meme coins, is relying on technical indicators like RSI a wise strategy? What other factors should we consider when evaluating SHIBs future? With other meme coins like PEPE, BONK, and FLOKI also experiencing significant losses, is the meme coin craze finally over? Or can we expect another resurgence? Lets discuss the future of SHIB and the meme coin market.