Quick technical analysis: ✅
✅ Clear rebound! After touching the bottom at 0.00001225, SHIB gradually rose again and is currently stabilized at 0.00001287 – a signal of liquidity entering and noticeable buying interest.
✅ The relative strength index (RSI) is at 62.93 – still below the overbought area (70), which means there is room for further upward movement before entering a cooling phase.
✅ Positive convergence in the MACD indicator! Although the momentum is still weak, the MACD and Signal lines are approaching a crossover that could spark a strong upward movement.
✅ The stochastic indicator (K: 72.57 | D: 67.61 | J: 82.50) indicates the entry of short-term upward momentum – a movement that could be a precursor to an upcoming breakout.
$SHIB
🚀 Expected scenario:
If SHIB can break the short resistance at 0.00001308, we might see a surge towards 0.00001330 and perhaps more.
In case of a pullback, support at 0.00001263 is considered a strong pivot area.
$SHIB
🔥 Is SHIB about to ignite a new green candle?!
With the continued interest in meme coins, and the gradual return of momentum for SHIB, this might be the right moment to watch or seize the opportunity! 🐶🚀