$SHIB
🚨 Key Support and Resistance Levels 🚨
The battleground for SHIB now exists between $0.00001265 and $0.00001516, which aligns with the 0.786 Fibonacci level at $0.000015. Since March, this range has functioned as both resistance and accumulation zone.
For the bullish trend to continue, SHIB must hold above the critical support at $0.00001265. A drop below this level could trigger a retest of $0.00001078 or even lower supports at $0.00000687.
The key resistance level sits between $0.0000142 and $0.0000145. Breaking through this zone would likely validate the bullish trend and could trigger rapid upside momentum.
Technical indicators support the bullish case. The Relative Strength Index (RSI) on the 4-hour chart is trending upward while remaining below overbought territory at 64.47, suggesting room for further growth.
Trading volume has also increased, with daily volume climbing to $220.37 million, a 15.32% increase. The market cap now stands at $8.09 billion, reflecting growing market interest.