$SHIB /USDT – Surge in Progress! Is the Momentum Just Getting Started? 🚀📈
$SHIB has seen a strong +10.39% move today, currently trading at $0.00001179, just shy of its 24H high of $0.00001214. The price is gaining significant momentum, but with SAR at $0.00001047, a key support level, it’s important to watch closely for a possible continuation or reversal.
📊 Market Overview:
Current Price: $0.00001179
24H High / Low: $0.00001214 / $0.00001059
24H Volume: 3.83T SHIB | $43.75M USDT
SAR: $0.00001047 (Support in play)
📉 Technical Breakdown:
$SHIB has made a solid move, but there's potential for price consolidation near current levels
The SAR level at $0.00001047 has been holding, indicating that the upward trend may continue if this support remains intact
Resistance zone near $0.0000120; a clean break above could trigger a fresh rally
Key support near $0.00001059, and if broken, expect a retracement to $0.0000100
🎯 Trade Setup:
Bullish Setup (Long):
Entry: $0.00001160 – $0.00001180
Target 1: $0.00001200
Target 2: $0.00001240
Stop-Loss: Below $0.00001050
Bearish Setup (If Support Breaks):
Entry: $0.00001040 – $0.00001059
Target: $0.00001000
Stop-Loss: Above $0.00001160
💡 Watch for Price Action: If SHIB holds above the SAR support level at $0.00001047, we could see a continuation to the upside. However, a break below $0.0000105 could signal a deeper retracement.
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