Shiba Inu Extends Five-Day Slide as RSI Nears Oversold With Price Above $0.0000058

On Feb. 7, Shiba Inu reached a high of $0.00000642 before extending a five-day decline to about $0.00000585, with its daily RSI weakening toward oversold territory near 30. The token has lost 1.91% over the past 24 hours and 12.25% over the week, while the Crypto Fear and Greed Index sits at 9, signaling extreme fear across the market. If broader crypto conditions improve, SHIB could attempt a move toward $0.000006, but ongoing uncertainty may keep it ranging between $0.000005 and $0.000006 with support around $0.000005.