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$SHIB /USDT Technical Analysis

Price Information:

- Current Price: $0.00001876 (-3.65%)

- 24h High: $0.00001985

- 24h Low: $0.00001849

Trading Data:

- 24h Volume (SHIB): 3.58T SHIB

- 24h Volume (USDT): 68.87M USDT

Moving Averages:

- MA(7): $0.00001895

- MA(25): $0.00001928

- MA(99): $0.00001839

Market Depth:

- Resistance Levels: $0.00001985, $0.00001992

- Support Levels: $0.00001849, $0.00001831

Analysis:

SHIB/USDT is currently priced at $0.00001876, reflecting a decrease of 3.65% from its recent high. The market shows significant trading volumes, with resistance observed near $0.00001985 and support levels around $0.00001849. Moving averages suggest varying trends, highlighting potential opportunities for traders based on price movements.

Trading Signal:

- Bearish Scenario: Further decline below $0.00001849 may indicate a continuation towards $0.00001831. Watch for sustained selling pressure and confirmations from key support levels.

- Bullish Scenario: Breaking above $0.00001985 could signal a bullish momentum towards $0.00001992. Look for volume confirmation and MA crossovers to validate upward potential.

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