Here's a quick analysis of the $SHIB /USDT trading snapshot you've shared:
Current Price:
$0.00001413 (down 4.98% today)
24h Performance:
High: $0.00001494
Low: $0.00001397
Volume ($SHIB ): 1.52 trillion
Volume (USDT): $21.80 million
Technical Indicators:
Bollinger Bands (BOLL 20,2):
Upper Band (UP): 0.00001450
Middle Band (MB): 0.00001425
Lower Band (DN): 0.00001401
Interpretation: Price is near the lower band, indicating potential oversold conditions or a bounce zone.
RSI (6): 39.93
Interpretation: Neutral to slightly oversold. Below 30 is usually oversold, so it’s nearing that area.
Recent Trends:
Today: -5.10%
7 Days: -5.99%
30 Days: +21.39%
90 Days: -14.05%
180 Days: -42.33%
1 Year: -42.07%
Quick Insight:
$SHIB is currently retracing after a short-term rise.
With the price near support (0.00001397) and close to the lower Bollinger Band, a short-term bounce might be possible, but the trend over longer timeframes is still bearish.
Watch for RSI dipping further below 30 or a MACD crossover if you're looking for bullish signs.
