1. Price movement and volatility: $SHIB

- Current price: around $0.0000143.

- Trading range: The price fluctuated between $0.00001407 and $0.00001442 over the past 24 hours, indicating relatively limited volatility in the last 12 hours.

- Trading volume: reached $181.39 million over the past 24 hours, reflecting modest market activity.

2. Key technical indicators:

- Relative Strength Index (RSI): at 57.32, indicating moderate upward momentum without reaching overbought territory (70).

- Stochastic Indicator (STOCH): at 68.85, giving a buy signal with a balance between supply and demand forces.

- Williams %R: in the overbought zone (-2.083), which may signal a temporary pullback before resuming upward movement.

- Moving averages: indicate a neutral trend with convergence between short-term (MA5 at $0.00001434) and long-term (MA200 at $0.00001546) averages.

3. Factors affecting the price:

- Selling pressure: Data from "Santiment" showed that large wallets reduced their holdings by 61.5 billion tokens over the past ten days, which may increase downward pressure.

- Positive news: Demand for cryptocurrencies in general has increased due to Elon Musk's trades, which may support market sentiment.

- General context: Expectations for improvement in the macroeconomic situation with declining inflation in the United States, which may boost investor confidence in risk assets like SHIB.

4. Short-term forecasts:

- Support and resistance:

- Near support: at $0.00001424 (traditional pivot point).

- Near resistance: at $0.00001448 (Fibonacci level).

- Possible scenarios:

- In case of breaking resistance, the price may target $0.000015.

- If it drops below support, it may head towards $0.000013.

5. Tips for traders:

- Risk management: Set stop-loss orders at $0.000014 to avoid losses in case of correction.

- Buying on dips: Opportunities may be attractive as the price approaches support levels with confirmation from technical indicators.

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Conclusion:

SHIB shows relative stability in the last 12 hours with technical indicators suggesting potential upward momentum, but there are risks due to selling pressure from large wallets. It is advisable to monitor volatility indicators and news affecting the cryptocurrency market in general.
$SHIB