$SHIB
🚨 SHIB Price Compresses: Breakout Imminent 🚨
From a technical perspective SHIB/USDT is coiling in a symmetrical triangle on the 2 hour chart and a directional move is near. Price is trapped between descending resistance at $0.00001533 and rising support at $0.00001396 with each bounce getting more and more constrained. SHIB was rejected from the 50-EMA at $0.00001475 which now acts as dynamic resistance.
Candlestick structure is bearish—small bodied candles with long upper shadows mean bulls are struggling to hold momentum. MACD is bearish with both signal lines below the zero line and further weakening short term sentiment.