SHIB/USDT Consolidating Below 200 MA
$SHIB

SHIB/USDT is currently trading at $0.00001343, down by 0.67%, showing consolidation just below the 200-period moving average, which is currently at $0.00001373. The price is also slightly below the VWAP at $0.00001345, indicating a neutral to bearish sentiment as the market appears to be indecisive.

The RSI is at 53.81, reflecting a neutral stance with no clear overbought or oversold conditions. This suggests the potential for either side (bulls or bears) to take control, but there isn't strong momentum in either direction at this point.

The MACD shows a flat momentum with a minor bullish crossover, with the MACD line at 0.00000005 just above the signal line at 0.00000004. However, the histogram is very close to zero, indicating that momentum remains weak and indecisive.

Key resistance levels to watch are around $0.00001400 and $0.00001450. A break above these levels could trigger a bullish continuation toward higher targets such as $0.00001500.

On the downside, immediate support is near $0.00001300, and a more significant support zone lies at $0.00001250. A break below this zone could lead to further bearish pressure, with potential to revisit levels around $0.00001200.

Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.

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