$SHIB /USDT Shiba Inu's Momentum Building for a Breakout #ShibaInu ($SHIB ) is trading at $0.00002158, up 2.81% in the past 24 hours. With its price approaching a key resistance level and RSI at 72.96, bullish momentum seems to be gaining strength.
Bullish Target Points:
1. TP1: $0.00002200 (Immediate Resistance Zone)
2. TP2: $0.00002230 (Higher Breakout Level)
Bearish Target Points:
1. TP1: $0.00002120 (Support Retest Zone)
2. TP2: $0.00002090 (Key Downside Risk)
Market Insight
The volume spike suggests traders' increasing interest, but the RSI indicates potential overbought conditions. A breakout above $0.00002200 could trigger a strong rally, while failure to hold $0.00002120 may lead to a bearish retracement.
Pro Tip:
Monitor the resistance breakout closely and set tight stop-losses for protection against volatility. Balance entries with risk management for optimal returns.