🚨 $SHIB
{spot}(SHIBUSDT)
/USDT Technical Analysis Update 🚨
Current Price: 0.00002325
SHIB has faced some downward pressure recently, but let’s take a closer look at the key levels and potential price targets for the upcoming trading sessions.
📊 Price Action Overview:
The current trend shows a decline of -5.10% in the past 24 hours, with price bouncing off the 0.00002259 support. Traders are eyeing possible recovery or further consolidation within this range.
🎯 Key Price Targets:
1. Target 1: 0.00002259
This is a crucial support zone. If SHIB fails to hold this level, we may see further downside movement toward 0.00002150, confirming a bearish trend.
2. Target 2: 0.00002456
If SHIB recovers, expect resistance near this level. Breaking above it could trigger a rally toward the next major resistance zone at 0.00002536.
3. Target 3: 0.00002536
This is the recent 24h high. A successful push above this level could signal a strong bullish momentum, possibly leading SHIB toward higher levels, including 0.00002650.
Market Sentiment:
Currently, SHIB is showing a -3.60% dip, which could suggest consolidation before a potential breakout. Watch for key price movements to either validate the support or trigger a resistance retest.
💥 Action Plan:
Watch closely for price action around 0.00002259.
A break above 0.00002456 could signal the start of a bullish trend.
Keep an eye on 0.00002536 to confirm a strong continuation.
📉 Risk Management:
Always ensure proper stop-loss levels to mitigate risk, as SHIB remains volatile with price fluctuations.
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