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$SHIB /USDT – Shiba Dips into Oversold Territory! Will It Bite Back? 🔻🐾
$SHIB is trading at $0.00001116 (-0.45%), hovering near its local support zone. RSI flashing oversold, but bears still control momentum. Is this the calm before the bounce?
📊 Market Overview
📍 Current Price: $0.00001116
📈 24h High: $0.00001143
📉 24h Low: $0.00001106
📉 RSI (6): 24.29 (Oversold zone)
📉 MACD: Bearish continuation risk
📈 Moving Averages (MA):
MA(7): 0.00001122
MA(25): 0.00001132
MA(99): 0.00001153
📉 Price trading below all MAs — sellers dominating short-term flow.
📈 SHIB Trade Setups
🔹 Bullish Scenario (Reclaim and Hold Above $0.00001122):
Entry: Above $0.00001130
Targets: $0.00001156 ➤ $0.00001183 ➤ $0.00001211
Stop-Loss: $0.00001098
🔻 Bearish Scenario (Breakdown Below $0.00001100):
Entry: Below $0.00001095
Targets: $0.00001070 ➤ $0.00001040 ➤ $0.00001000
Stop-Loss: $0.00001128
📉 Technical Pulse
RSI at 24.29 = oversold, possible bounce bait
Volume still strong: ~2.92B SHIB, but leaning bearish
Key support at $0.00001106 — break = bleed; bounce = relief rally
💬 Final Word:
Eyes on $0.00001100. SHIB army must hold the line, or the meme magic fades. Can bulls flip this script?
🔥 COMMENT “WOOF” if you're buying the dip or just vibing with the volatility.
$SHIB #SHIB #ShibaInu #CryptoMeme #AltcoinSeason #Write2Earn