SHIB's price is up only 2% this week, attributing its underwhelming performance to lackluster metrics on Shibarium, with fewer new accounts and transactions compared to previous months.
Technical indicators like MACD and RSI suggest bearish momentum and oversold conditions for SHIB, potentially signaling the need for token buyers to drive a reversal.
Holders of SHIB may need to consider other meme coin opportunities for higher returns, as SHIB's price trajectory currently appears unpromising.
In contrast, PEPE token has seen an 11% gain this week, nearing its all-time high, showcasing more positive price performance than SHIB.
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