Based on the technical indicators from the current chart, we can analyze the price trend of the $SHIB/USDT pair as follows:

1. Moving Averages (MA)

The chart shows three moving averages: MA(7), MA(25), and MA(99), representing short-term, medium-term, and long-term trends.

  • Currently, the MA(7) line is above MA(25) and MA(99), indicating a short-term bullish trend. If the price remains above MA(7), the uptrend may continue.

  • However, if the price decreases and crosses below the MA(25) line, this could be a signal that the uptrend is weakening and may reverse.

2. Relative Strength Index (RSI)

  • The RSI is currently at 59.7, in the neutral zone but slightly leaning towards overbought. This indicates some upward momentum but not very strong.

  • If the RSI exceeds 70, it may indicate an overbought condition, warning of a potential price correction. Conversely, if the RSI falls below 50, the buying momentum may be weakening and the price could potentially decline.

3. Stochastic RSI Indicator

  • The Stochastic RSI indicates that line K (63.1) is above line D (57.3), signaling a short-term uptrend.

  • If line K falls below line D, this could be a sell signal, warning of a short-term price correction.

4. Trading Volume

  • Recent trading volume has significantly increased on several candles, indicating strong interest from the market.

  • However, if the volume decreases while the price does not increase or declines, the current uptrend may be weakening.

5. MACD Indicator

  • The MACD indicator is currently quite flat around the zero line, showing that the market is in a state of no clear trend.

  • If the MACD starts to rise and crosses above the signal line, this could be a bullish signal. Conversely, if the MACD drops below the signal line, a bearish trend may appear.

Prediction for the Next 12 Hours

  • If the price holds above MA(7) and the trading volume continues to increase, the short-term uptrend is likely to continue. This could create an opportunity for a slight increase.

  • Conversely, if the price drops below MA(25) or the RSI falls below 50, there is a high probability that a correction or price reversal will occur.

Conclusion

The cryptocurrency market is highly volatile. Therefore, if participating in trading during this time, investors should continuously monitor the chart and use stop-loss orders to manage risk. The indicators show positive signals, but a slight correction is possible if the price drops below the MA lines or indicators like RSI and MACD start to weaken.