$SHIB /USDT Technical Analysis & Price Target

Current Price: $0.00002931

Price Change: -5.48%

$SHIB /USDT has seen a 5.48% decline over the last 24 hours, currently trading at $0.00002931. The price has recently shown bearish pressure, with a 2.04% drop in the last 4 hours, signaling possible short-term weakness.

Key Support Level: $0.00002823

Key Resistance Level: $0.00003134

Price Action: The 4-hour chart reflects a downward move, with SHIB nearing its 24-hour low of $0.00002823. If the price continues to face resistance near $0.00003134, a further decline toward support at $0.00002823 is possible. A break below this level could indicate deeper retracement.

Target:

Short-term Target: $0.00003134 (Resistance Level)

Downside Target: $0.00002823 (Support Level)

Further Downside Target: $0.00002600 (Next Key Support Zone)

Monitor price action closely for any signs of reversal or continuation. If SHIB rebounds from support at $0.00002823, it could retest resistance at $0.00003134. However, a break below support may open up further downside toward $0.00002600. Keep an eye on volume and momentum for confirmation of the trend.

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