$SHIB SHIB/USDT – Testing Lower Levels Amid Market Weakness

Current Price: 0.00002099 (-6.04%)

24h High: 0.00002246 | 24h Low: 0.00002025

24h Volume: SHIB: 4.47T | USDT: 96.02M

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Technical Overview:

Exponential Moving Averages (EMAs):

EMA(7): 0.00002136

EMA(25): 0.00002184

EMA(99): 0.00002289

SHIB is trading below all key EMAs, maintaining a bearish trend.

Support Zones:

0.00002050 (Key Immediate Support)

0.00002000 (Critical Support Zone)

Resistance Zones:

0.00002150 (Immediate Resistance)

0.00002200 (Major Resistance)

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Trade Setups:

🔴 Bearish Continuation:

Entry Zone: Below 0.00002080

Target 1: 0.00002025

Target 2: 0.00002000

Stop-loss: Above 0.00002150

🔵 Bullish Reversal:

Entry Zone: 0.00002050–0.00002080

Target 1: 0.00002150

Target 2: 0.00002200

Stop-loss: Below 0.00002000

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Observations:

SHIB is experiencing significant selling pressure, pushing it closer to critical support levels.

A rebound from the 0.00002050 zone could signal short-term recovery.

Monitor price action carefully around key levels for opportunities.

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