SHIB/USDT [1D]
Current Price: SHIB is currently trading at 0.00002528 USDT.
Key Levels
Support Levels:
Around 0.00002160 USDT (lower Bollinger Band)
Around 0.00002501 USDT (Cloud Span A)
Resistance Levels:
Around 0.00002707 USDT (middle Bollinger Band)
Around 0.00002582 USDT (Cloud Base Line)
Around 0.00002625 USDT (99-day Moving Average)
Indicators:
Moving Averages: Short-term (7 days): 0.00002511 USDT Medium-term (25 days): 0.00002549 USDT
Long-term (99 days): 0.00002625 USDT
Volume: Trading volume is low, indicating less market activity recently (Volume Oscillator: -10.55%).
RSI:
1.Current RSI (14 days): 52.31, which is neutral (neither overbought nor oversold).
2.Current Values: %K: 30.03, %D: 16.96, indicating the market is slightly oversold, suggesting a potential price increase.
3.Current ADX (14 days): 15.43, indicating a weak trend.
Overall Trend [Cloud Indicators]:
Current Status: Price is within the cloud, indicating consolidation (sideways movement without a strong trend).
Future Cloud: Slight bullish bias but weak.
Summary :
What's Happening: SHIB's price is currently in a consolidation phase with no strong trend direction.
Current Trend: Neutral, as indicated by various indicators.
Key Points to Watch:
Support: If the price falls below 0.00002501 USDT, it could drop to the next support level around 0.00002160 USDT.
Resistance: If the price rises above 0.00002707 USDT, it could continue to rise towards 0.00002625 USDT.
Advice: The market is currently neutral with low volatility. It might be wise to wait for a clear breakout above resistance or breakdown below support before making a trading decision. Keep an eye on volume and other indicators for confirmation of the next move.
