<ul><li>Shiba Inu (SHIB), a popular meme coin, is facing bearish pressure and has broken below key support levels.</li><li>SHIB is currently struggling to regain its footing after a sharp sell-off, with oversold conditions indicating a potential short-term bounce.</li><li>The recent breakdown below key support levels suggests a lack of buying interest and the possibility of further downside risks.</li><li>While some may view the oversold conditions as a potential buying opportunity, confirmation signals are needed before entering long positions.</li></ul>

Shiba Inu Price Prediction: Is SHIB Headed for a Rebound or Further Decline?

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