<ul><li>Shiba Inu (SHIB) is facing increased selling pressure, raising concerns about its short-term price direction.</li><li>Technical indicators suggest that SHIB may be approaching oversold conditions, which could trigger a potential bounce.</li><li>Key support level for SHIB is at $0.00001300, and a clear breakdown below this level could expose SHIB to further losses.</li><li>If SHIB maintains support and breaks above $0.00001500, the next targets would be $0.00001850 and $0.00002000.</li></ul>

Shiba Inu Price Prediction: Can SHIB Bounce Back from Oversold Levels?

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