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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