SHIBUSDT – Potential Rally Toward Key Resistance Zone
Current Price: 0.00001444 (-2.43%)
SHIB is currently consolidating just above a key support zone at 0.00001373, positioned precisely at the confluence of an upward trendline and a major structural retest. The formation of a wedge pattern indicates weakening bearish momentum and suggests a potential bullish breakout if buyers step in at this level.
Technical Outlook
Pattern: Descending wedge within uptrend
Structure: Retesting major support at trendline intersection
Momentum: Sideways, awaiting confirmation
Key Levels
Buy Zone: 0.00001350 – 0.00001373
Buy Trigger: Breakout above the wedge + trendline defense
Target: 0.00001727 (Previous highs and resistance zone)
Sell Trigger: Close below 0.00001350
Risks to Watch
Low breakout volume could indicate a false signal.
BTC volatility might impact SHIB’s recovery.
Loss of trendline support flips the structure to bearish.
