$SHIB /USDT Analysis – Consolidating Below Key Resistance

$SHIB has been consolidating near its support level of $0.00002714 and showing resistance at $0.00002884. The price has seen a slight pullback of 2.44%, indicating short-term weakness but still trading within a defined range.

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Bullish Scenario:

Entry: Above $0.00002800

Targets: $0.00002850, $0.00002900, $0.00002950

Stop Loss: $0.00002700

A break above $0.00002800 could trigger a continuation towards higher resistance levels. If SHIB breaks and sustains above $0.00002900, the price could target further gains.

Bearish Scenario:

Entry: Below $0.00002700

Targets: $0.00002650, $0.00002600, $0.00002550

Stop Loss: $0.00002780

In the case of a breakdown below $0.00002700, SHIB could retest lower levels. Watch closely for signs of support failure to avoid further losses.

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Key Levels:

Resistance: $0.00002884

Support: $0.00002714

SHIB has shown a 101.54% gain over the last year, indicating significant long-term momentum despite recent pullbacks. Focus on breaking the key resistance to confirm the next move.

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