SHIB Price Analysis: Downward Pressure Continues, May Face Rebound in Short Term
SHIB has fallen sharply by 15.61% in the past 24 hours. After hitting a low of $0.00002025, the price failed to hold the key support level, showing continued downward pressure.
Key Technical Levels:
Support: $0.00002000 – If this support level is broken, SHIB may further correct to $0.00001950.
Resistance: $0.00002450 – Any rebound above this level will be a key signal to resume the bullish trend.
Trading Strategy:
Entry Point: For long investors, carefully choose to buy opportunities above $0.00002033; for bearish investors, if the price falls below the $0.00002000 support level, consider shorting.
- Target Price:
Target 1: $0.00002200 (short-term recovery)
Target 2: $0.00002450 (key resistance zone)
Risk Management:
Stop Loss: Set a stop loss at $0.00001990 to control potential losses.
Market Outlook:
Although SHIB prices are currently showing seller-led downward momentum, the oversold condition may provide opportunities for a short-term rebound. Investors should pay close attention to whether there is a surge in trading volume to confirm whether there is a potential market reversal signal.
