馃搳 $SHIB /USDT Technical Analysis Update
Current Price: 0.00002238 (+5.47%)
馃攳 Analysis:
$SHIB is gaining momentum after testing support at 0.00002098. The price is approaching a key resistance zone at 0.00002400, signaling a potential breakout if volume sustains.
馃幆 Targets:
1. Immediate Target: 0.00002350 - Testing minor resistance as bullish momentum builds.
2. Secondary Target: 0.00002450 - A significant resistance zone and a potential breakout level.
3. Long-term Target: 0.00002600 - Bullish continuation target if market sentiment remains strong.
馃搲 Support Levels:
0.00002150 - Short-term support zone.
0.00002098 - Critical support; a breakdown may signal further downside.
馃挕 Trading Strategy:
Short-term traders can book profits near 0.00002350 while setting a stop-loss at 0.00002180.
Long-term holders can look to accumulate near the support zone of 0.00002150 with targets toward 0.00002600.
Monitor for breakout confirmation above 0.00002450 with increased trading volume for bullish momentum.
馃搱 Market Outlook: A sustained move above 0.00002450 could lead to a bullish rally, while failure to hold 0.00002150 might lead to further consolidation.