#BIOOnBinance
$SHIB /USDT Technical Analysis and Trade Signal
SHIB 0.0000227
+2.52%
Current Price: $0.00002267 (up 2.12%)
Trend Analysis:
The price of SHIB is currently showing bullish momentum with a modest rise of 2.12%. The price has been moving between the 24-hour high of $0.00002306 and the low of $0.00002197. The market appears to be in an upward correction after reaching a short-term low, suggesting potential continuation in the upward trend if the support levels hold.
Key Support and Resistance Levels:
Support: $0.00002197 (24h low)
Resistance: $0.00002306 (24h high)
Trade Signal:
Trade Direction: Bullish (Buy)
Entry Point:🔵 $0.00002255 – $0.00002267 (near current price)
Stop Loss:📌 $0.00002190 (below the support level)
Target Levels 📍:
1. Target 1: ✅$0.00002330 (near previous resistance)
2. Target 2:✅ $0.00002370 (next resistance level)
3. Target 3:✅ $0.00002400 (strong psychological resistance level)
Trade Momentum:
Bullish Momentum: The recent 2.12% increase in price signals a continuation of the uptrend. RSI is showing signs of rising momentum but isn't in overbought territory yet, indicating room for further movement upwards. #Binance250Million $SHIB