๐จ SHIB Gearing Up for the Next Big Move โ Will It Hit 0.00001798 Soon? ๐ฅ๐ถ๐
SHIB/USDT is showing strong signs of a breakout, and the bulls are back in action! After bouncing from the 0.00001055 low, SHIB has flipped the trend with a clean breakout from a descending pattern, currently trading at 0.00001518 (-1.87%).
๐ Key Observations:
โ Trend Reversal Confirmed: Price has broken above a key descending resistance.
๐ Volume Spike: Renewed interest shown through increasing daily volume.
๐ฏ Mid-Term Target in Sight: 0.00001798 is the next major resistance level โ SHIB could test it soon if current momentum holds.
๐ Resistance Zones to Watch:
โก๏ธ 0.00001798 (Mid-Term Target)
โก๏ธ 0.00002000
โก๏ธ 0.00002436
โก๏ธ 0.00002763
โก๏ธ 0.00003159
โก๏ธ 0.00004004
๐ก๏ธ Support Levels to Watch:
โก๏ธ 0.00001491 (Immediate Support)
โก๏ธ 0.00001272
โก๏ธ 0.00001055 (Key Swing Low)
๐ฎ Whatโs Likely Next?
Scenario 1: If bulls break 0.00001798 with strong volume, expect a possible rally toward 0.00002000 or higher.
Scenario 2: A short-term consolidation or retest down to 0.00001491 could occur before another leg up โ a healthy correction.
Scenario 3 (Less likely): Breaking below 0.00001055 would invalidate the current bullish structure and signal weakness.
๐ Conclusion: SHIB is in a bullish breakout zone, and the next few candles will be critical. Keep your eyes on volume and resistance interaction at 0.00001798. Patience and discipline are key in volatile meme markets like SHIB! ๐ง ๐น
๐ข DYOR and Manage Risk Accordingly! This is not financial advice.