Shiba Inu Price Prediction: Oversold Signals Point to a Short-Term SHIB Rebound

Key highlights:

• The SHIB price is testing key support as oversold signals hint at a rebound.
• On-chain activity is improving, with transfers above 3,800 and active addresses near 2,300.
• Exchange outflows of 1.91 trillion SHIB and a 1,034% jump in burns continue tightening supply.