#SHIBAUSDT $SHIB

Price Action: SHIB is trading at 0.00002787, with a 4.33% decline. The chart shows a bearish trend over the past few candles, indicating selling pressure.

Key Support and Resistance:

Support: Near 0.00002744, evident from a recent bounce.

Resistance: Around 0.00002905, where previous rejections occurred.

Indicators:

OBV (On-Balance Volume): Suggests reduced momentum, indicating weaker buying interest in the current trend.

Williams %R: At -57.57, it reflects a neutral to slightly oversold market condition, hinting at potential consolidation.

Stochastic RSI: At 62.15, it points towards a possible cooldown after a minor upward correction.

Short-Term Outlook: SHIB might continue consolidating unless buying volume increases significantly. Watch for a breakout above 0.000029 for bullish momentum or a drop below 0.0000274 for further downside.