🚀 $SHIB

/USDT Technical Analysis 🎯

SHIB (Shiba Inu) has been making waves in the market, currently trading at $0.00002568 with a 1.99% daily gain. Here's a closer look at its technical levels and three potential targets for traders:

Key Levels to Watch:

Resistance: $0.00002649 (24h high)

Support: $0.00002429 (24h low)

Targets for SHIB/USDT:

1️⃣ $0.00002680 – Short-Term Target

SHIB could retest this level if buying momentum continues. This is just above the previous high, indicating a breakout possibility for quick profits.

2️⃣ $0.00002750 – Medium-Term Target

Breaking past $0.00002680 could lead SHIB to this next resistance level, where traders may face some consolidation before the next move.

3️⃣ $0.00002900 – Long-Term Target

A bullish trend may push SHIB to $0.00002900, aligning with its key Fibonacci retracement level and signaling strong market sentiment.

Trading Insights:

RSI: Shows slight overbought conditions, suggesting caution in entries near resistance levels.

Volume: A steady increase in trading volume reflects growing interest in SHIB.

Strategy Tip: Watch for breakouts above resistance and use stop-loss orders to manage risks effectively. SHIB's popularity in the meme sector keeps it a hot pick for both short-term scalping and long-term accumulation.

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