🚨 $SHIB /USDT ALERT – BEARS IN CONTROL WITH SUPPORT LEVELS IN FOCUS! 🚨
is experiencing a sharp pullback, down by 16.71%, currently trading at 0.00002418. This dip follows a recent high, and the chart indicates a shift in momentum as sellers take control. Let’s examine the key levels to watch in this bearish setup:
🎯 Target 1: 0.00002220
This is the immediate support level. A drop to this point would signal further bearish pressure. Holding here is crucial to prevent deeper declines. However, a break below could open up lower targets, potentially intensifying the sell-off.
🎯 Target 2: 0.00002000
If SHIB falls below 0.00002220, the next target is 0.00002000, a psychological support level. Reaching this zone might lead to some buying interest as it serves as a round figure support. Failure to hold here could push SHIB into an extended bearish phase.
🎯 Target 3: 0.00001777
This is a major support level and could act as a last defense for bulls. Dropping to 0.00001777 would indicate a significant bearish trend, with increased potential for a strong bounce or further declines, depending on market sentiment.
🚨 Resistance Level: 0.00002663
On the upside, any attempt to recover would need to break above 0.00002663 to signal a potential reversal. A push above this level would suggest buying interest returning, but current sentiment leans toward sellers dominating the action.
Traders should stay cautious as SHIB navigates these critical levels. Watch for potential breakdowns or reversal signs around support!