Before starting the analysis, we checked the live price of the coin:
The current price of SHIB/USDT is 0.00001602 USD.
1. Current price action and support and resistance levels
First resistance: at 0.00001713 USD (current daily high)
Second resistance: near 0.00001800 USD; a psychological and technical barrier that the currency may face
First support: at 0.00001571 USD (current daily low)