🚨 $SHIB /USDT TECHNICAL ANALYSIS: MAJOR BREAKOUT LOADING? 🚨
$SHIB /USDT is trading at 0.00002859, up 3.47% in the last 24 hours. The price is currently consolidating after hitting a 24-hour high of 0.00002979, showing signs of potential movement toward key levels. Here’s what to watch:
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Key Levels and 3 Targets
1️⃣ Immediate Resistance: 0.00002980
A breakout above this level could confirm renewed bullish momentum, pushing SHIB toward its next targets.
2️⃣ First Target: 0.00003150
Sustaining above 0.00002980 could lead SHIB to test this psychological resistance, signaling increased buyer confidence.
3️⃣ Second Target: 0.00003300
If the momentum continues, SHIB could test 0.00003300, a significant resistance level from previous highs.
4️⃣ Support Zone: 0.00002800
On the downside, if SHIB fails to hold above 0.00002800, it could test lower levels around 0.00002750, potentially shifting momentum bearish.
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Technical Insights
Trend: Consolidating with bullish bias, driven by recent upward price action.
Indicators: RSI hovering near neutral territory, leaving room for upward movement before hitting overbought levels.
Volatility: Moderate – expect sharper moves as SHIB approaches critical resistance.
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Trading Strategy
💡 Bullish Play:
Entry: Above 0.00002980
Targets: 0.00003150, 0.00003300
Stop-Loss: Below 0.00002850
💡 Bearish Play:
Entry: Below 0.00002800
Targets: 0.00002750, 0.00002650
Stop-Loss: Above 0.00002880
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SHIB is approaching a decisive moment—watch closely for a breakout or rejection at key levels!
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