Analysis of $SHIB /USDT Chart: Current Price: 0.00001544 USDT (+14.63%)
Prediction: Rise or Fall?
Bullish Indicators:
Strong upward breakout with high volume, indicating strong buying interest.
Short-term trend is positive, with continuous higher highs forming.
If momentum continues, SHIB could test the 0.00001600 - 0.00001700 resistance zone.
Bearish Indicators:
Long-term trend is still negative, meaning strong resistance levels may come into play.
Profit booking pressure could lead to a slight pullback.
If SHIB fails to break resistance around 0.00001600, it may retrace back to 0.00001450 or lower.
Final Conclusion:
Short-term: Likely to continue rising towards 0.00001600 - 0.00001700 if volume supports.
Mid-term: Needs to hold above 0.00001450 to confirm a sustained bullish trend.
Long-term: Still in a bearish structure, so caution is advised for big investments.