📊 $SHIB /USDT Technical Analysis Update
Current Price: 0.00002238 (+5.47%)
🔍 Analysis:
$SHIB is gaining momentum after testing support at 0.00002098. The price is approaching a key resistance zone at 0.00002400, signaling a potential breakout if volume sustains.
🎯 Targets:
1. Immediate Target: 0.00002350 - Testing minor resistance as bullish momentum builds.
2. Secondary Target: 0.00002450 - A significant resistance zone and a potential breakout level.
3. Long-term Target: 0.00002600 - Bullish continuation target if market sentiment remains strong.
📉 Support Levels:
0.00002150 - Short-term support zone.
0.00002098 - Critical support; a breakdown may signal further downside.
💡 Trading Strategy:
Short-term traders can book profits near 0.00002350 while setting a stop-loss at 0.00002180.
Long-term holders can look to accumulate near the support zone of 0.00002150 with targets toward 0.00002600.
Monitor for breakout confirmation above 0.00002450 with increased trading volume for bullish momentum.
📈 Market Outlook: A sustained move above 0.00002450 could lead to a bullish rally, while failure to hold 0.00002150 might lead to further consolidation.