$SHIB Testing the Bottom — Breakdown Ahead or Bounce Brewing?
Current Price: $0.00001123
24h Change: +3.31%
24h High: $0.00001183
24h Low: $0.00001078
SHIB/USDT has been grinding lower but just tapped a critical support band near $0.00001120. Despite the multi-week downtrend, volume is picking up and bid interest is showing signs of life (52.60% dominance). Price action is tight, and a decisive move is coming.
Key Levels to Watch:
• Resistance Zone: $0.00001140 – $0.00001160
A break above this band would likely trigger short squeezes and attempt to reclaim momentum.
• Support Zone: $0.00001120 – $0.00001105
If this level breaks, SHIB risks rolling over toward lower liquidity zones.
Trade Setup – Squeeze Imminent
Bullish Scenario:
• Entry Trigger: Break and hold above $0.00001140
• Upside Targets:
• Target 1: $0.00001160
• Target 2: $0.00001185
• Stop-Loss: Below $0.00001105
Bearish Scenario:
• Entry Trigger: Breakdown below $0.00001105
• Downside Targets:
• Target 1: $0.00001080
• Target 2: $0.00001050
• Stop-Loss: Above $0.00001140