Date: 30-09-2024
Technical Analysis:
Read charts like never before with Flow Chart Diagram .Stay tuned and watch the levels closely for any signs of a breakout or breakdown!
In this deep technical analysis, we will explore the SHIB/USDT pair, which is currently trading at 0.000017694 USDT, showing a -8.18% decline. Based on multiple technical indicators like volume, MACD, RSI, ADX, and Accumulation/Distribution, we will provide short-term and long-term price predictions. Whether you're a day trader or a long-term investor, this guide will help you navigate the next big moves in Shiba Inu!
📊 $SHIB /USDT Key Stats & Market Overview:
Current Price: 0.000017694 USDT
24h Change: -8.18%
24h High: 0.000019860 USDT
24h Low: 0.000017320 USDT
24h Volume: 669.784B SHIB
Volume in USDT: 12.46M USDT
🔥 Support & Resistance Levels: Short and Long-Term Predictions
Immediate Support Levels:
S1: 0.000016837 USDT
S2: 0.000016167 USDT
S3: 0.000015500 USDT
Immediate Resistance Levels:
R1: 0.000017771 USDT (Immediate short-term resistance)
R2: 0.000018500 USDT (Strong near-term resistance)
R3: 0.000019863 USDT (Key resistance level for a major breakout)
Key Prediction Zones:
Bullish Breakout Zone: A break above R2 (0.000018500 USDT) could send SHIB soaring toward R3 (0.000019863 USDT) and even beyond to 0.000020500 USDT in the short term.
Bearish Breakdown Zone: If SHIB breaks below S1 (0.000016837 USDT) and heads towards S2 (0.000016167 USDT), it could drop further to 0.000015500 USDT, and potentially towards 0.000015000 USDT.
🔮 Bullish & Bearish Scenarios: Short & Long-Term Predictions
📈 Bullish Scenario:
If SHIB/USDT holds above S1 (0.000016837) and buyers push the price above R2 (0.000018500), we could witness a strong rally to test 0.000019863 USDT. Sustained momentum above this level could lead to a significant bull run toward 0.000020500 USDT and possibly 0.000021500 USDT in the coming weeks.
Long-Term Bullish Target: If SHIB continues this uptrend with increasing volume and momentum, we could see it testing 0.000025000 USDT over the next few months.
📉 Bearish Scenario:
On the downside, if SHIB breaks through S1 (0.000016837 USDT), it could slide to S2 (0.000016167 USDT) and then S3 (0.000015500 USDT). A break below S3 could trigger a long-term bearish trend toward 0.000014500 USDT and possibly 0.000013500 USDT if market conditions worsen.
Long-Term Bearish Target: In case of a prolonged sell-off, SHIB/USDT could potentially revisit the 0.000012500 USDT level.
🛠️ Technical Indicator Breakdown
📉 Volume (SMA 9): 11.09M
Volume Analysis: The volume has increased, signaling renewed interest from traders. However, the volume needs to sustain or increase further to confirm a bullish breakout. A decline in volume could suggest a pullback or consolidation phase.
📊 MACD (12, 26 close 9):
MACD Line: 0.00000511
Signal Line: 0.0000031312
MACD Analysis: The MACD line is slightly above the signal line, indicating a bullish crossover but not a strong one yet. If the MACD diverges further above the signal line, it will confirm bullish momentum. However, a crossover below the signal line could indicate a potential downtrend.
📉 RSI (14 SMA): 61.64 – Moderately Bullish
RSI Analysis: The RSI is 61.64, which indicates that SHIB is approaching an overbought territory but still has room to rise before hitting the critical 70 level. If RSI goes beyond 70, expect a potential pullback. On the flip side, if RSI dips below 50, a sell-off may occur.
📊 ADX (14): 36.65 – Strong Trend
ADX Analysis: The ADX at 36.65 confirms that SHIB is in a strong trending phase. As long as the ADX stays above 25, the current trend (whether bullish or bearish) will remain intact. An increase above 40 would suggest an extremely strong trend in the direction of the market.
📈 Accumulation/Distribution (A/D): 334.437M – Bullish
A/D Analysis: The A/D line has steadily increased, showing that institutional players or big traders are accumulating SHIB tokens. This is a bullish sign that the price could continue to rise. A sudden drop in the A/D line would suggest distribution or selling pressure.
📈 Pivot Points (Traditional):
Key Pivot Levels:
Pivots (P): 0.000017771 USDT
Support Levels: S1 at 0.000016837 USDT, S2 at 0.000016167 USDT
Resistance Levels: R1 at 0.000017771 USDT, R2 at 0.000018500 USDT
🎯 Predictions Based on Key Indicators: Bullish & Bearish Outlook
Short-Term Outlook:
Bullish: A breakout above 0.000017771 USDT (R1) could take SHIB toward 0.000018500 USDT and further to 0.000019860 USDT, especially if the volume increases and the MACD confirms bullish momentum.
Bearish: A failure to hold support at 0.000016837 USDT (S1) could lead to a drop toward 0.000016167 USDT (S2), signaling a short-term correction.
Long-Term Outlook:
Bullish: If SHIB breaks through key resistance at 0.000019863 USDT and sustains, we could see a long-term bullish rally toward 0.000021500 USDT and possibly beyond, especially with growing accumulation (as shown by the A/D line).
Bearish: Breaking below 0.000015500 USDT would signal a long-term bearish shift, with the next major support levels near 0.000014500 USDT and 0.000013500 USDT.
📋 Conclusion & Final Thoughts: SHIB/USDT Prediction Summary
Shiba Inu ( $SHIB /USDT) is currently at a critical price point. With multiple key resistance and support levels identified, traders need to watch for breakouts above 0.000017771 USDT (R1) for a bullish rally or a break below 0.000016837 USDT (S1) for a bearish correction.
Short-term traders should watch for volume spikes, MACD crossovers, and RSI levels for immediate action.
Long-term investors should focus on the Accumulation/Distribution and ADX trends to determine the overall market sentiment.
Stay alert to the market’s next moves, as SHIB is preparing for a potential massive breakout or downside correction.
🚀 Will $SHIB rise to $0.000021, or will it drop to $0.000015? Stay tuned and trade wisely!
📉 Remember: Always manage risk, set stop-loss levels, and never trade more than you can afford to lose!
Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
