๐ $SHIB
/USDT Technical Analysis โ Targeting New Heights ๐
The SHIB/USDT pair is showing some interesting price action. After a solid increase of +5.61% in the last 24 hours, it reached a high of 0.00002896, currently trading at 0.00002765. Letโs break down the current market situation and discuss three potential targets for SHIB.
๐ Key Levels & Insights:
Current Price: 0.00002765
24h High: 0.00002896
24h Low: 0.00002301
24h Volume (SHIB): 33.21B
24h Volume (USDT): 874.54M
๐ Target 1 โ Short-Term Resistance: 0.00002896
The recent high of 0.00002896 is a critical resistance level. If SHIB can break this, we might see a surge towards the next resistance zone. Watch for any bullish momentum around this area, especially if the volume increases.
๐ Target 2 โ Mid-Term Support: 0.00002600
If the price retraces, 0.00002600 could act as a key support level. This price range has shown previous consolidation and could serve as a solid entry point for traders seeking a safer bet.
๐ Target 3 โ Long-Term Bullish Breakout: 0.00003050
If SHIB manages to break above 0.00002896, we could see a push towards 0.00003050. This would represent a strong bullish continuation, driven by positive market sentiment and increased buy volume.
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