1000SHIBUSDT Perpetual (2025-01-03):
5-minute chart:
. The price reached the second most important consolidation region (0.024900) of the 1000SHIB/USDT pair. This level is acting as resistance, after being tested previously. New upward movements will need greater buying volume to overcome it.
. The behavior around the POC (0.024095) and the moving averages will determine whether there will be a continuation of the decline or an attempt to rise.
. The price will need to sustain itself above the resistance to seek higher levels, such as 0.025000.
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