The cryptocurrency market is dynamic and volatile, requiring careful analysis before any investment decision. The shared image presents a chart of the cryptocurrency Shiba Inu (SHIB/USDT) on Binance, with a chart time of 15 minutes. This article provides an analytical overview of the main indicators presented in the chart and a possible outlook on the asset's movement.
1. Technical Analysis of the SHIB/USDT Chart
The analyzed chart shows the price variation of SHIB over a 15-minute period. The main points observed are:
• Current Price: 0.00001192 USDT
• Maximum in 24h: 0.00001239 USDT
• Minimum in 24h: 0.00001179 USDT
• Variation in the last 24h: -2.61%
• Volume 24h: 1.79 trillion SHIB / 21.78 million USDT
The chart shows a recent downward trend, with a slight recovery after touching the minimum of 0.00001179 USDT. The reading of technical indicators can provide us with clues about the next price movements.
Technical Analysis
1. Parabolic SAR (Stop and Reverse)
• The Parabolic SAR is an indicator used to identify trends and possible reversal points. In the chart, the yellow SAR points are above the current price, indicating a bearish bias. However, as the price has already touched support at 0.00001179 USDT and started to recover, it is possible that a trend reversal is on the way.
2. Moving Averages (MA)
• The chart shows two Simple Moving Averages (SMA):
• SMA (5 periods): 18,225,153,900
• SMA (12 periods): 21,992,280,363
• The fact that the 5-period SMA is below the 12-period SMA may suggest a short-term bearish trend. However, it is important to monitor if there is a crossover upwards, as this would indicate a possible beginning of recovery.
3. MACD (Moving Average Convergence Divergence)
• The MACD on the chart indicates 0.00000000, showing that there is no defined trend at the moment.
• The DIF line (-0.00000006) and the DEA signal line (-0.00000006) are crossing, which may indicate a reversal of the downward trend.
• It is necessary to monitor if the DIF line will cross above the DEA line to confirm a positive movement.
4. Relative Strength Index (RSI)
• RSI (6 periods): 49.13
• RSI (12 periods): 43.76
• RSI (24 periods): 42.95
• Generally, an RSI below 30 indicates an oversold condition (good buying moment), while above 70 may signify overbought (good moment to sell). As the values are below 50, the market may still be slightly inclined to sell, but without an extreme of being oversold.
Possible Scenarios for SHIB/USDT
1. Bullish Scenario
If the bullish trend indicators consolidate, SHIB may test the resistance of 0.00001239 USDT again. Some factors that may help include:
• Increasing volume: In the chart, it is possible to notice an increase in volume at the recent minimum (0.00001179 USDT), which may be a sign of a possible reversal point.
• Positive MACD crossover: If the DIF line crosses above the DEA and the histogram begins to show an upward movement, it may indicate a trend reversal.
• RSI Recovery: If the RSI values rise above 50, it may indicate a strengthening of buyers.
If the price can break above 0.00001239 USDT with significant volume, there is a possibility of continuing the rise in search of the next targets.
Bearish Scenario
If the selling pressure continues and the asset fails to break the mentioned resistance, a sharper decline may occur, testing 0.00001179 USDT as support again. If this level is lost, the next supports may be around 0.00001150 USDT and 0.00001100 USDT.
Factors that may contribute to the continuation of the decline:
• Natural market correction after a possible rally.
• Negative macroeconomic factors, such as rising interest rates or stricter regulations for cryptocurrencies.
• Low buying volume indicating a lack of interest from investors.
Conclusion and Investment Strategies
Based on technical analysis:
• If the price breaks above 0.00001239 USDT with strong volume, it may indicate an upward movement towards new targets.
• If it loses the minimum of 0.00001179 USDT, there may be a continuation of the downward movement.
• The RSI indicator below 50 indicates a market with more selling pressure than buying, but not yet oversold.
• The Parabolic SAR above the price indicates a bearish trend.
• The MACD does not show clear signs of recovery yet.
Strategy for Investors
1. For those who want to buy (entry strategy)
• Monitor if the price stays above 0.00001179 USDT and if the RSI starts to rise.
• Wait for a breakout of 0.00001239 USDT with increased volume before entering a buy.
• Manage risk with a stop-loss just below the recent minimum.
2. For those already positioned
• If you bought at higher values, monitor the price reaction near 0.00001239 USDT.
• If the recovery is not confirmed, consider taking partial profits and protecting the position.
• If the RSI remains below 50 and the price loses the support of 0.00001179 USDT, it may be a warning sign for a possible larger decline.
Conclusion
The cryptocurrency market is extremely volatile, and Shiba Inu (SHIB) is no exception. In the chart, we see a moment of uncertainty, where the asset may either start a new rise or continue to fall if it loses recent support. For investors seeking short-term opportunities, it may be interesting to monitor the behavior of volume and key indicators like Parabolic SAR, RSI, and MACD to identify reversal signals.
The decision to buy or sell should be based on a broader analysis, considering the context of the cryptocurrency market, macroeconomic events, and news related to the project. Risk management is essential to mitigate potential losses and ensure a strategic approach to investments in highly volatile assets like SHIB.
