Here's a technical analysis of $SHIB /USDT based on your provided data:
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SHIB/USDT Market Snapshot
Current Price: $0.00001305
24h Change: -4.11%
24h High / Low:
High: $0.00001378
Low: $0.00001279
MA60: $0.00001308 (price is hovering right at the 60-period moving average)
Volume (24h):
USDT: $19.21M
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Performance Overview
Short-Term: Mixed — small recovery over 30 days, but today's dip and weekly stagnation show lack of breakout momentum.
Long-Term: Heavy decline, indicating SHIB is still in a broad downtrend despite occasional meme-fueled rallies.
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Technical Insights
Support:
$0.00001279 (24h low)
$0.00001250 (previous consolidation zone)
Resistance:
$0.00001378 (24h high)
$0.00001420 (last major spike zone)
MA60: Currently acting as short-term resistance.
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Outlook
Near-Term Bias: Cautiously Bearish
Price sitting just under MA60 with weak volume and recent dip.
Watch For:
A close above $0.00001320 to signal bullish reversal attempt.
A break below $0.00001279 would signal continuation of the downtrend.
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Would you like trade setup suggestions (entry/stop/target) or comparison with other meme tokens like PEPE or FLOKI?