đ¨đ SHIBUSDT Analysis: Consolidation and Caution đ
đ Current Status: Consolidation
SHIB is currently consolidating at $0.00001365. Both the 1-hour and 4-hour charts show weak momentum and slight bearish tendencies. While recent whale activity and meme-coin interest have buoyed the price, technical indicators suggest a need for stronger momentum for a significant upward push.
đ 1H Chart: Weak Momentum
⢠Resistance: $0.00001387 (Upper Bollinger Band)
⢠Support: $0.00001365 (Lower Bollinger Band)
⢠RSI: 38.52 (Slightly Oversold)
⢠Stochastic Oscillator: %K at 3.85 (Oversold)
⢠MACD: Flat
⢠ADX: 11.46 (Weak Trend)
đŽ 4H Chart: Bearish Building
⢠Resistance: $0.00001411 (Upper Bollinger Band, Parabolic SAR Level)
⢠Support: $0.00001327 (Lower Bollinger Band)
⢠RSI: 49.70 (Neutral, Weakening Bullish Trend)
⢠Stochastic Oscillator: %K at 25.76 (Oversold)
⢠MACD: Negative Histogram (Bearish Momentum)
⢠ADX: 12.22 (Weak Trend)
đ Support & Resistance Levels:
⢠Immediate Resistance (1H & 4H): $0.00001387 - $0.00001411
⢠Immediate Support: $0.00001327 - $0.00001365
đ Actionable Strategy: Range-Bound Trading
⢠Bullish Scenario: A breakout above $0.00001387 could push SHIB toward $0.00001411. Look for bounce confirmation with rising volume.
⢠Bearish Scenario: Failure to hold $0.00001365 may see SHIB testing $0.00001327 and potentially lower to $0.00001280.
đ§ Action Point:
Given weak ADX and neutral momentum, consider range-bound trading. Set tight stop-losses around $0.00001327 and aim for modest profits near $0.00001387. Stay alert for volume spikes!
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