SHIB’s RSI and stochastic were oversold, pointing towards a trend reversal However, SHIB’s EMA Ribbon stood in opposition of SHIB’s price hike One of the most popular memecoins, Shiba Inu [SHIB], has kept its investors unhappy as its chart bled red. According to CoinMarketCap, SHIB registered more than 5% negative daily gains. At the time
![Are Shiba Inu [SHIB] investors becoming cautiously optimistic? This trend reversal…](https://images.cryptocompare.com/news/default/ambcrypto.png "Are Shiba Inu [SHIB] investors becoming cautiously optimistic? This trend reversal…")
