$SHIB /USDT Technical Analysis – Momentum Gaining Strength

Current Price: $0.00002171 (+2.84%)

Key Metrics:

24H High: $0.00002203

24H Low: $0.00002048

Volume: 2.89T SHIB

Market Overview:

SHIB/USDT is showing signs of recovery, holding above the 7 EMA ($0.00002165) and 25 EMA ($0.00002146). The price is challenging resistance near the 99 EMA ($0.00002197), suggesting further upside potential if this level is breached.

Key Levels:

Resistance: $0.00002203 | $0.00002270

Support: $0.00002117 | $0.00002080

Analysis:

The current setup indicates bullish momentum as SHIB attempts to consolidate above the moving averages. A breakout above $0.00002203 could target $0.00002270, while support at $0.00002117 is crucial to avoid a retest of $0.00002080.

Trade Idea:

Entry Zone: $0.00002160 - $0.00002170

Targets: $0.00002203 | $0.00002270

Stop-Loss: $0.00002100

Observation:

Volume and EMA alignment support further upward movement. Watch for sustained closes above $0.00002200 to confirm the bullish continuation.

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