🚨$SHIB SHIB/USDT: -4.53% Pullback – Are the Bulls Losing Steam? 🚨
Shiba Inu ($SHIB) is trading at $0.00002464, down 4.53% after reaching a 24-hour high of $0.00002818. The retracement shows profit-taking, but the question remains: Is this a consolidation or a sign of further downside?
💡 Key Levels to Watch:
Resistance: $0.00002590 – A breakout above this level could push SHIB toward $0.00003046, reigniting bullish momentum.
Support: $0.00002428 – Holding this level is crucial to prevent a drop toward $0.00002070.
📈 Bullish Scenario:
If SHIB bounces from $0.00002428 and reclaims $0.00002590, we could see a move toward $0.00003000, potentially testing new highs.
📉 Bearish Risk:
Failure to maintain $0.00002428 support might lead to a dip toward $0.00002070, offering long-term buyers a better entry point.
⚠️ Pro Tip:
Monitor volume closely—rising volume on support tests or resistance breaks will signal the next big move. Keep tight stop-loss levels to manage risk.
What’s your next move for SHIB—buy the dip or wait for confirmation? Let’s watch the charts closely!