Binance Technical Analysis: $SHIB

/USDT - Key Targets to Watch 🎯

The SHIB/USDT pair has recently shown strong momentum, reaching a 24-hour high of 0.00002400 and a low of 0.00001853, with a significant +8.93% gain. Here's a breakdown of the key price levels to watch for potential movement:

🔹 Target 1: 0.00002450

A break above this level could signal a continuation of bullish momentum, potentially pushing SHIB to new highs.

🔹 Target 2: 0.00002200

If the price retraces, this level could serve as a strong support zone. A bounce here would suggest the uptrend is still intact.

🔹 Target 3: 0.00002300

This level is crucial for maintaining the overall trend. A drop below this support could lead to further downside, so it’s a critical point for traders to monitor.

With 11.96T SHIB traded in the last 24 hours and a 246.84M USDT volume, SHIB/USDT remains a volatile and exciting pair for short-term traders.

Stay updated with the latest movements and trade with caution. Happy trading! 🚀

This post incorporates technical analysis and highlights three targets for traders to focus on. Let me know if you'd like any adjustments!