$SHIB Price Analysis: Testing Key Support After Recent Surge

SHIB has gained 2.73% in the last 24 hours, trading at $0.00002522. The token hit a high of $0.00002652 but faced selling pressure, causing a retracement to the current level. The 7-hour moving average at $0.00002529 is acting as a resistance, while the 99-hour MA at $0.00002509 provides critical support.

Volume surged to 5.25 trillion SHIB, reflecting heightened market activity. A sustained move above $0.00002545 (25-day MA) could pave the way for another test of $0.00002650, with the potential to break higher if buying momentum strengthens.

On the downside, if SHIB breaks below $0.00002509, further consolidation towards $0.00002483 is possible. Traders should watch for volume and price action around these levels for a clear direction.

#BinanceHODLerTHE #XRPMarketShift #GDPSteadyPCE2.1Down #MarketBuyOrHold?