SHIB/USDT Analysis and Price Forecast on Daily, 3-Day, and Weekly Timeframes
Daily Chart (1D)
- Price: $0.00002512, showing an 11.59% increase.
- Trend: Bullish, as the 7-day moving average (MA) has crossed above the 25-day MA.
- RSI: At 81, indicating overbought conditions and potential for a pullback.
- MACD: Positive, with the MACD line above the signal line, supporting strong bullish momentum.
- Support: $0.00001669
- Resistance: $0.00003039
- Prediction: Likely to test $0.00003039. However, overbought RSI could lead to consolidation or pullback before any further move upward
3-Day Chart (3D)
- Trend: Bullish sentiment remains, with the 7-period MA above the 25-period MA.
- RSI: At 74, nearing overbought territory, which may limit immediate upside potential.
- MACD: Bullish crossover, with histogram bars growing, indicating strengthening medium-term momentum.
- Support: $0.00001898
- Resistance: $0.00003330, with a breakout possibly leading toward $0.00004567.
- Prediction: Likely to test $0.00003330 in the near term. Continued bullish momentum may push it toward $0.00004567 if resistance is broken.
Weekly Chart (1W)
- Trend: Initial bullish signs, with the 7-week MA beginning to rise.
- RSI: At 73, suggesting bullish momentum, but close to overbought, which may slow further gains.
- MACD: Gradual upward shift, though momentum is still building.
- Support: Key support at $0.00001898
- Resistance: $0.00003330, with a medium-term target around $0.00004567 if positive momentum sustains.
- Prediction: The weekly chart suggests a gradual move toward $0.00004567 if support at $0.00001898 holds.
SHIB shows strong bullish momentum across all timeframes. Short-term consolidation may occur due to high RSI levels, but support levels provide a base for upside if momentum continues.
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