📊 $SHIB /USDT Technical Analysis – Steady Momentum!
Current Price: $0.00002207 (+1.61%)
24h High: $0.00002239
24h Low: $0.00002156
24h Volume: 1.43T SHIB ($31.39M USDT)
Price Action:
/USDT has seen a modest 1.61% gain over the last 24 hours, currently trading at $0.00002207. The price has tested the highs at $0.00002239 and continues to show steady movement within this range.
Support Levels:
Primary Support: $0.00002156 – This level is a key support zone, and a bounce here could drive the price back up to higher levels.
Secondary Support: $0.00002153 – A deeper retracement could see SHIB testing this level, potentially offering a strong entry point for long trades.
Resistance Levels:
Primary Resistance: $0.00002239 – A breakout above this resistance would signal a potential continuation of the upward trend.
Upper Resistance: $0.00002244 – If the price continues to gain momentum, this will be the next key resistance level to watch.
Indicators:
Volume: With 1.43T SHIB traded, the volume is significant, indicating strong interest and participation from the market.
Momentum: The price is showing a steady increase, and as long as it holds above the support, the outlook remains positive for further gains.
Outlook:
SHIB is displaying stable growth, with price consolidating near the key resistance levels. A break above $0.00002239 could trigger further upside movement toward the next resistance at $0.00002244.
🔍 Watch these levels closely as SHIB aims for potential breakouts. Trade SHIB/USDT now on Binance!
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