Analysis of current data indicates that the future of SHIB token could be volatile and uncertain at the moment. Here are some factors to consider:
1- Current trend: Currently, trend analysis indicates that the market is neutral (NEUTRAL), meaning that we do not have a strong upward or downward trend at the moment. We must watch market developments to determine the future trend.
2- The position of major investors: The current buy/sell ratio on Bybit indicates that major holders prefer long positions at a ratio of 5.5:1. This indicates that major investors are optimistic about SHIB's future.
3- Current Funding Rate: The current funding rate indicates the strength of the long side by 0.00008778. This means that there is positive financing for long positions in perpetual contracts linked to SHIB.
4- Current support and resistance levels: The performance of the BOLL indicator indicates that the last support level for SHIB is $0.000016368, while the last resistance level is $0.000019378. These levels can be used as potential trading signals.
5- Current market sentiment: The market sentiment index indicates a value of 61, which is in the neutral range. This means that there is a relative balance between optimism and pessimism in the current market.
6- Technical indicators: The presence of the Golden Cross in the KDJ index indicates a positive signal. However, there is no clear pattern in the MACD, RSI, EMA BREAK and BOLL indicators.
Based on the current analysis, it can be said that the future of SHIB depends on market developments and other factors related to the currency. Trends, technical levels and market sentiment must be monitored to make appropriate trading decisions. It is also important to monitor general market developments and currency-related news.
