At the time of writing, SHIB/USDT is trading at $0.00001418, down by -0.42% in the last 24 hours. The market shows a moderate correction phase after touching the recent local high of $0.00001765. But is this just a temporary pullback — or the calm before the next bullish rally?
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Key Technical Levels:
Current Price: 0.00001418 USDT
24h High / Low: 0.00001492 / 0.00001414
Recent High: 0.00001765
Support Zones: 0.00001400 / 0.00001265
Resistance Zones: 0.00001530 / 0.00001662 / 0.00001765
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Indicators Breakdown:
1. Moving Averages (MA):
MA(7): 0.00001472 – Above current price, acting as immediate resistance.
MA(25): 0.00001426 – Price is trading slightly below this level, indicating short-term bearish bias.
MA(99): 0.00001355 – Long-term trend support still intact.
2. RSI (Relative Strength Index):
RSI(6): 40.66
RSI is nearing the oversold zone (30), signaling a potential reversal opportunity for buyers watching for dip entries.
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Volume Profile:
Daily volume stands near 1.4 trillion SHIB, suggesting strong liquidity and active participation. However, declining volume bars hint at exhaustion in recent selling pressure.
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Candle Pattern Analysis (1D Timeframe):
A series of red candles with shorter lower wicks indicate controlled selling, but bulls are defending the 0.00001400 zone strongly.
A bullish engulfing candle or hammer pattern around this level could confirm a reversal.
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Market Sentiment:
Shiba Inu remains a highly watched meme coin with significant speculative interest. Whale transactions have increased over the last week, suggesting possible accumulation at lower levels.
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Forecast & Strategy:
Short-Term Outlook (1-3 Days):
If price holds above 0.00001400, we may see a push toward 0.00001530 in coming sessions. However, failure to hold support could lead to retest of 0.00001265.
Medium-Term (This Week):
A breakout above 0.00001530 with volume confirmation may send SHIB toward 0.00001662 – 0.00001765, completing a recovery wave.
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Final Thoughts:
Shiba Inu is showing signs of consolidation after a sharp correction. With RSI near reversal territory and volume cooling off, traders should watch for bullish confirmation around key support zones. Risk management is essential, but the current setup might offer a favorable risk-reward for strategic buyers.
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