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SHIBA INU PRICE ANALYSIS & PREDICTION (March 7) – Shib Nears Oversold Condition, Potential Retracement Underway

  • Shiba Inu's price nears oversold condition on the daily chart, potential retracement expected.
  • Short-term structure indicates a major retracement is overdue, further decline possible.
  • Shiba Inu has lost more than 60% since drops in December, currently in extreme oversold condition.
  • Key levels to watch for Shiba Inu are $0.0000152, $0.0000173, and $0.000019 as resistance, and $0.0000116, $0.00001, and $0.000009 as support.

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