$SHIB Tonight target:
Predicting specific price targets for cryptocurrencies over short time frames like a single night can be challenging due to their volatile nature. However, based on the chart and indicators provided:
Potential Targets for Tonight:
1. Upside Target:
If buying momentum picks up and the price rebounds, the immediate resistance would likely be around the EMA (7) at 0.00002440 and the EMA (25) at 0.00002461.
A stronger bullish move could see the price pushing towards the 0.00002594 level, which was a recent high on the chart.
2. Downside Target:
If the bearish trend continues, the next support could be around 0.00002227, aligning with the EMA (99).
A more significant bearish move could lead to testing the recent low of 0.00002326.
Strategy:
Watch for Volume and Momentum: Increased buying volume and an upward cross in the Stochastic RSI could signal a potential rebound.
Confirmations: Wait for a price close above the EMA (7) for confirmation of a potential upward move.
