Technical Analysis ‼️ for $SHIB ‼️

Japanese Candlesticks:

• The last candles indicate bullish momentum after a period of relative stability, indicating a buying movement in the market.

Technical Indicators:

1. EMA (Exponential Moving Average):

• EMA(7) crossing above EMA(25) indicates a short-term bullish trend, with positive momentum strengthening.

2. Stochastic RSI:

• Stochastic indicator at 40.56 indicates a neutral zone, with the possibility of increasing momentum if it exceeds the 50 level.

3. MACD:

• The MACD line is moving above the signal line positively, strengthening the bullish signal.

4. RSI (Relative Strength Index):

• RSI at 69.27 is close to the overbought zone, which requires caution for a possible correction if the resistance is not exceeded.

Recommendations:

• Support: $0.00002556

• Resistance: $0.00002756

• Monitoring is essential when approaching resistance with risk management.