$SHIB

The current chart for SHIB/USDT indicates a bearish trend with a 7.09% drop in the last 24 hours. The price is trading near its 24-hour low of 0.00002948, showing significant downward pressure 📉.

Key Technicals:

Moving Averages (MA):

MA(7) at 0.00002980, MA(25) at 0.00003001, and MA(99) at 0.00003080 suggest short-term momentum is below longer-term trends, signaling bearish sentiment 🐻.

Volume:

Increased selling activity indicates stronger resistance ahead. 🚨

Support & Resistance:

Key support at 0.00002948, with resistance near 0.00003078.

Traders may want to wait for a breakout confirmation or a bounce from the support zone before entering positions! 🚀 or 📉?