$SHIB /๐๐๐๐: ๐๐๐๐ซ๐ข๐ฌ๐ก ๐๐ซ๐๐ฌ๐ฌ๐ฎ๐ซ๐ ๐๐จ๐ฎ๐ง๐ญ๐ฌ ๐๐ฌ ๐๐๐ฒ ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐๐ฏ๐๐ฅ๐ฌ ๐๐ฉ๐ฉ๐ซ๐จ๐๐๐ก โ ๐๐ข๐ฅ๐ฅ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฅ๐ฌ ๐๐๐ ๐๐ข๐ง ๐๐จ๐ง๐ญ๐ซ๐จ๐ฅ?
The $SHIB /USDT pair is trading at 0.00001666 USDT, reflecting a 2.52% decline in the past 24 hours. The price is currently moving within a range, having tested a low of 0.00001650 USDT and a high of 0.00001723 USDT. The recent downward trend is evident in the series of lower highs and lower lows, signaling a short-term bearish momentum. A key support level lies at 0.00001650 USDT, which if breached, could lead to further declines. On the other hand, a break above the immediate resistance at 0.00001723 USDT may signal a potential recovery towards the previous high of 0.00001802 USDT.
With a strong 24-hour trading volume of 2.29T $SHIB , market participants are actively trading, though the selling pressure dominates for now. Traders are advised to proceed with caution, considering short positions if the support level breaks, or waiting for a bullish breakout above 0.00001723 USDT before entering long positions. Proper risk management is essential in this volatile environment.