$SHIB /USDT Technical Analysis

Current Price: $0.00003086 (+19.33%)

Trend: Bullish Momentum

24h High: $0.00003089

24h Low: $0.00002581

Volume (24h): 17.83T SHIB / 501.19M USDT

Key Levels:

Support Levels:

$0.00002581 (24h Low)

$0.00002850 (Previous Resistance Turned Support)

Resistance Levels:

$0.00003090 (Immediate Resistance)

$0.00003200 (Strong Resistance Zone)

Trade Setup

Entry Zone: $0.00003050 - $0.00003086 (On Breakout Confirmation)

Stop Loss: $0.00002850 (Below Key Support)

Targets 🎯

1. Target 1: $0.00003200 (Short-Term)

2. Target 2: $0.00003450 (Mid-Term Resistance)

3. Target 3: $0.00003700 (Long-Term Bullish Target)

Momentum Indicators:

RSI: Overbought Zone (~70) – Indicating strong momentum but requires caution for potential correction.

MACD: Bullish Crossover – Suggests continuation of upward trend.

Volume: High volume confirms strong buying interest.

Trade Momentum:

SHIB is currently experiencing bullish momentum, backed by strong trading volume and positive sentiment from the community. However, watch for resistance near $0.00003200. If this level is broken with volume, expect the rally to continue towards higher targets.

Recommendation:

For Short-Term Traders: Secure profits at Target 1 and trail stop loss.

For Long-Term Holders: Maintain positions as long as price sustains above $0.00002850.

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