🐕 $SHIB / USDT Market Update 🚀

Current price: 0.00002319 (+4.65%)
24h High: 0.00002408
24h Low: 0.00002202
24h Volume: 3.85T $SHIB / 89.20M USDT

🔍 Technical Insights:

Timeframe: 15-minute chart for intraday trends.Moving Averages (MAs):MA(7): 0.00002309MA(25): 0.00002315MA(99): 0.00002307

Price Movement: SHIB has rebounded from a support level of 0.00002298, showing renewed upward momentum. The price is currently trading above all key moving averages, indicating short-term bullish sentiment.

💡 Key Observations:

Support zone: Around 0.00002298.Resistance zone: The recent high at 0.00002408 could pose a challenge for further upward movement.The crossover of shorter MAs above the longer MA signals potential continuation of the upward trend.

📈 Strategy:
Traders might look for sustained trading above 0.00002320 as a bullish confirmation or monitor retracements to the support level for potential buy opportunities. Volatility remains manageable, making it attractive for scalpers and short-term traders.

🚨 Reminder: Always employ proper risk management and DYOR (Do Your Own Research)!