🐶 $SHIB /USDT Technical Analysis 🐶

Current Market Current Price: 0.00001365 USDT24h Change: -1.44%24h High: 0.00001368 USDT24h Low: 0.00001353 USDT24h Volume: 761,963,171,709 SHIB📉 Chart Analysis:

The SHIB/USDT pair is currently experiencing a bearish trend, as indicated by the downward price movement and the recent drop below key support levels. The price is struggling to break above the moving averages, suggesting that the bears are in control.

Moving Averages:MA(7): 0.00001365 USDTMA(25): 0.00001365 USDTMA(99): 0.00001378 USDT

🔍 Technical Indicators:

Amplitude: 0.29% - The amplitude suggests moderate volatility, which might indicate further downside potential if the bearish sentiment continues.RSI: Slightly bearish, indicating potential further downward pressure.Volume: High volume, with significant sell orders in the order book, suggests that bears are dominating the market.

🎯 Price Targets:

First Target: 0.00001360 USDT - A short-term target if the price continues to slide, hitting minor support.Second Target: 0.00001350 USDT - A mid-term target as the price could test the lower support levels.Third Target: 0.00001320 USDT - A long-term target if the bearish trend intensifies, breaking below key psychological support levels.

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