šØ $SHIB USDT Technical Analysis Update šØ
As we observe SHIB/USDT's recent price action, here are the key levels to watch in the short term for potential opportunities:
š Current Price: 0.00002414 USDT
š 24h Price Change: -6.47%
Key Support & Resistance Levels:
1. Support Level šÆ: 0.00002270 USDT
This has proven to be a strong support zone. If SHIB reaches this level, we may see a potential bounce or consolidation before any major price movement.
2. Resistance Level šÆ: 0.00002470 USDT
The resistance around this price point has held, and a breakout above this level could signal a bullish reversal, aiming for the next resistance.
3. Target Zone šÆ: 0.00002619 USDT (24h High)
If the price successfully breaks above the key resistance at 0.00002470, the next target could be the 24h high of 0.00002619 USDT. A breakthrough here could lead to further upward momentum.
Additional Indicators:
SAR (0.02, 0.2): 0.00002434
Depth: 4.2313%
š Trade Setup:
Watch the support level closely at 0.00002270 for potential buy signals.
A break above 0.00002470 could trigger a move towards the next resistance level at 0.00002619.
