$SHIB Update and Analysis

Current price: $0.00002387 (-4.94%) 📉

• 24H High: $0.00002513

• 24H Low: $0.00002339

Market Overview:

SHIB continues its downward trend but shows signs of possible stabilization near its 24H low of $0.00002339.

Key Levels to Watch:

• Resistance: Immediate resistance at $0.00002402 (MA7), followed by $0.00002433 (MA25). Breaking these levels could indicate recovery.

• Support: Holding above $0.00002339 is crucial; breaking below might lead to further downside.

Technical Indicators:

• MA(7): $0.00002402 (Short-term resistance)

• MA(25): $0.00002433 (Key mid-term resistance)

• MA(99): $0.00002471 (Long-term bearish pressure remains)

Outlook:

• A bounce above $0.00002402 could provide bullish momentum for a short-term reversal.

• Weak volume suggests buyers are hesitant; wait for a confirmed breakout or strong recovery volume.

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