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Technical Analysis of $SHIB /USDT

Current Price: $0.00001795 (+4.36%)

Overview:

SHIB (SHIB) has shown a moderate increase today, amidst active trading in the meme token market.

Trading Data:

- Moving Averages:

- MA(7): $0.00001795

- MA(25): $0.00001769

- MA(99): $0.00001696

24-Hour Metrics:

- High: $0.00001823

- Low: $0.00001705

- Volume (SHIB): 2.40T

- Volume (USDT): 42.67M

Order Book Depth:

- Resistance:

- $0.00001829

- $0.00001823

- Support:

- $0.00001795

- $0.00001773

- $0.00001717

- $0.00001705

- $0.00001660

Analysis:

SHIB/USDT is currently trading above key moving averages, indicating bullish momentum. The price action suggests consolidation with support levels holding steady.

Prediction:

With increasing trading volume and positive MA indicators, SHIB/USDT could attempt to break through resistance at $0.00001829. Traders should monitor volume trends and price movements for potential continuation of the upward trend.

Stay tuned for more updates and insights!

#SHIB #Cryptocurrency #TechnicalAnalysis #CryptoMarket #BinanceSquare