1000SHIBUSDT Perpetual (2025-01-06):
1-hour chart:
. The 1000SHIB/USDT pair is trading at 0.024136, close to the VWAP (0.024090), indicating a momentary balance between buyers and sellers. The price is also slightly above the 200 DMA (0.024017), which acts as a relevant dynamic support in the short term.
. After reaching the daily high at 0.024625, the price has retraced, but remains above the previous day's POC (0.023780), indicating that buyers are still defending important levels.
. The most relevant region for buyers at the moment is the previous high at 0.024931, which coincides with the POC of 0.024900 — the second most important consolidation region of all time for this pair. This level will act as the main resistance in a bullish scenario.
. The low of the day at 0.023416 has not yet been revisited, and its distance from the current price reflects a consolidation above the supports.
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