The Shiba Inu price has been experiencing some stability, remaining near the $0.0000056 mark after the broader crypto market's brief respite from volatility.
Despite this, the Crypto Fear & Greed Index is still signaling 'Extreme Fear', indicating that investors are currently fearful of potential losses.
However, a closer look at the Relative Strength Index (RSI) reveals a neutral reading of 46.7, which contradicts the prevailing sentiment.
This divergence between the RSI and market sentiment suggests that sellers may be losing conviction, potentially leading to a relief rally.