Here's the latest analysis update for *1000 SHIB USDT:
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Have you been tracking SHIBUSDT? The recent price action has formed a descending channel, which could be setting the stage for a bullish move. But how can we know if it's time to jump in? 🤔
The 1000 SHIB USDT token is poised for significant upward movement, with a potential 100% to 150% gain from its current price . The token has broken out of a triangle pattern and is preparing to go higher, with a potential correction near 0.01345.
Key Levels to Watch:
- Support: 0.00010
- Resistance: 0.026, 0.030
Technical Analysis:
The Relative Strength Index (RSI) and Stochastic indicators suggest a bullish trend. The Moving Averages (MA) are aligned in a bullish formation, with the 50-day MA crossing above the 200-day MA.
Market Sentiment:
The broader market recovery sentiment is on the green side, with strong buying witnessed.
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.
Always do your own research and consider multiple sources before making any investment decisions📌
