$SHIB Analysis: Testing Key Support Levels

Current Price: $0.00002250 (+2.23%)

24h Range: $0.00001853 - $0.00002261

Indicators to Watch:

RSI at 26 indicates oversold conditions, which could lead to a potential bounce

MACD shows bearish momentum, but a reversal may be nearing

The price has rebounded from the 99-day Moving Average (MA), which is acting as a strong support level

My Analysis & Suggestion:

SHIB has seen a sharp decline, testing support near $0.00001850. The rebound suggests buyers are stepping in, but sustained recovery depends on breaking resistance at $0.00002300. A successful breakout could lead to a move toward $0.00002800, but failure to hold support could drive the price lower.

For those considering an entry, the $0.00002200-$0.00002250 range could offer a low-risk opportunity, provided the trend remains intact. Monitoring RSI and volume for confirmation is essential.