$SHIB is currently trading at approximately $0.00001303 USD, reflecting a slight decline of about 3.70% in the last 24 hours. The price has been fluctuating between $0.00001300 and $0.00001375, indicating a period of consolidation.
Technical indicators present a bullish outlook. The Relative Strength Index (RSI) is hovering around 50, suggesting that SHIB is in a neutral zone—not overbought nor oversold. The Moving Average Convergence Divergence (MACD) shows a slight bullish crossover, hinting at potential upward momentum.
For those considering a long trade, a confirmed breakout above the $0.00001375 resistance level with increased volume could signal a bullish trend continuation. Conversely, a drop below the $0.00001312 support level might present a short trade opportunity, targeting lower support zones.
Beginner traders should exercise caution during such consolidation phases. It's essential to wait for clear signals before entering a trade and always employ proper risk management strategies, such as setting stop-loss orders to mitigate potential losses.
Buy and Trade here $SHIB
