Current Price and Moving Average (MA):
SHIB/USDT is trading at $0.00001820, slightly above the 200-period MA of $0.00001525, indicating a continuation of a bullish trend in the short term.
RSI & MACD Analysis:
The RSI is at 57.21, reflecting mild bullish momentum without reaching overbought conditions. The MACD shows a mixed signal, with a slight positive histogram, suggesting some upside momentum, although not very strong.
Support & Resistance:
Immediate resistance lies at $0.00002000, a level that has seen recent selling pressure. Key support is located between $0.00001600 and $0.00001750, which could hold as a strong consolidation area.
Scenarios:
Bullish: A break above $0.00002000 could target the next level at $0.00002200, continuing the upward trend.Bearish: If the price fails to hold above $0.00001750, it may slide down to the $0.00001500 level.
Disclaimer: This analysis is for informational purposes only. Please conduct your own research before making trading decisions.
