📊 SHIB/USDT 4-Hour Chart Analysis 🚀
Current Price: 0.00001611 USDT (-1.53%)
24h High/Low: 0.00001661 / 0.00001479
24h Vol: 4.47T SHIB (70.52M USDT)
🔍 Analysis: SHIB saw a strong uptrend from May 7-13, climbing ~38% to 0.00001800, but has since pulled back to 0.00001611. The price is below the 7-period SMA, hinting at short-term bearish momentum.
📉 Key Levels:
Support: ~0.00001500 (previous consolidation zone).
Resistance: ~0.00001800 (recent high).
📈 Volume: Spiked during the uptrend but dropped on the pullback—selling pressure seems less intense than prior buying.
⏳ Outlook:
Holding above 0.00001500 could lead to a retest of 0.00001800.
A break below might push SHIB toward 0.00001400.
Despite recent gains (+27.55% in 7 days, +30.45% in 30 days), SHIB is down 31.51% over the past year, so this rally might be a short-term correction in a broader downtrend.
Keep an eye on volume and the SMA for bullish signals! 👀
