$SHIB

🚀 SHIB/USDT Technical Analysis | Targets & Market Insights 🎯

As we continue to observe SHIB/USDT's price action, the market is showing key patterns that could set the stage for potential breakout opportunities. Let's dive into the technical analysis:

Current Price:

0.00002143 USDT per SHIB

(Rs 0.00597404)

Market Sentiment:

The price has seen a modest +0.56% increase, maintaining positive momentum, and the market remains bullish in the short term.

Key Technical Indicators:

24h High: 0.00002203

24h Low: 0.00002048

24h Volume: 2.88 Trillion SHIB traded, with 61.05 Million USDT in volume

Moving Averages:

MA(5): 92.69 Billion SHIB

MA(10): 118.8 Billion SHIB

Technical Analysis – Price Targets 🎯:

Based on the current chart and moving averages, here are three key targets for SHIB/USDT:

1. Target 1: 0.00002200

As the price approaches the 24h high, a short-term resistance level, 0.00002200, could offer strong selling pressure. However, a break above this level might signal bullish continuation.

2. Target 2: 0.00002300

A successful breakout above 0.00002203 could open the door for further gains. 0.00002300 is a key resistance level to watch, where we may see consolidation or even a slight pullback before further upward movement.

3. Target 3: 0.00002400

If the bullish momentum persists, 0.00002400 could be the next psychological resistance. This level aligns with previous market highs and is a strong target for mid-term traders.

Risk Factors:

Watch out for possible pullbacks towards the 0.00002050 support zone. A failure to maintain this level might lead to a deeper correction.

Stay tuned for updates and ensure you manage risk wisely with stop-losses and take-profit levels.

📈 What’s your SHIB price prediction? Let us know in the comments!

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