$SHIB #shib SHIB/USDT is currently trading at 0.00002178 USD, up 2.06% in the last 24 hours. The highest and lowest prices of the day are 0.00002234 USD and 0.00002095 USD, respectively. Trading volume reached 3.68 trillion SHIB (equivalent to 79.77 million USD). After a strong price increase, SHIB is entering a slight correction phase but still maintains the short-term support area.
Historical analysis and trends:
SHIB reached an all-time high of 0.00008845 USD in 2021 during the meme coin boom. Since then, the price has dropped significantly, creating a bottom around 0.00001078 USD at the beginning of 2024. Over the past 90 days, SHIB has increased by 50.97%, indicating a stable recovery trend, although still far from the previous peak.
The current important resistance area is at 0.00002350-0.00002500 USD, where the price may face significant selling pressure. If it surpasses this area with strong trading volume, SHIB has the potential to target 0.00003000 USD or even 0.00003500 USD. Conversely, if it does not break through, the price may correct to the support area of 0.00002000 USD or lower, around 0.00001800 USD.
Strategy details and advice:
Analysis for holders (long-term holders):
Holders need to note that SHIB, although it has high growth potential, is still a highly volatile and risky asset. History shows that SHIB often fluctuates significantly around resistance and support areas. In the long run, if SHIB maintains community interest and further develops practical applications, it could recover strongly. However, you need to be patient and prepared to face correction phases.
Advice:
Do not buy all at the current price range. Instead, only add 20-30% of capital if SHIB maintains the support area of 0.00002000 USD.
If the price surpasses 0.00002500 USD with large trading volume, consider increasing your holding position.
Set long-term targets at 0.00003000 USD or 0.00003500 USD, but manage expectations and be prepared to wait for a long time.
Reasonable capital allocation:
20-30% of capital at the current price to take advantage of short-term recovery.
30-40% of capital at the support area of 0.00002000 USD if the price corrects further.
Retain 30-40% of capital to take advantage of buying opportunities at lower prices if the market experiences an unexpected correction.
Risk management:
Set a stop-loss at 0.00001800 USD if you cannot hold long-term or want to limit the risk of deep losses.
Do not invest all your capital in SHIB, as the highly volatile nature of this asset can easily lead to the risk of being stuck with capital or experiencing sharp price drops.
Conclusion:
SHIB has long-term growth potential if it maintains community support and ecosystem development. Holders need to be patient, manage their capital wisely, and not be influenced by short-term market sentiment. With a long-term holding strategy, you can optimize profits but must be ready to face significant short-term volatility.
