💡 Quick technical analysis:
✅ Amazing rebound! After dropping to 0.00001261, SHIB saw a sharp rebound to reach 0.00001280 again, indicating effective buying strength in this area.
✅ RSI brings hope! The Relative Strength Index (RSI) is at 47.44, which is in the neutral zone, opening the door for a forthcoming rise without excessive selling pressure.
✅ A wound is forming! Despite a slight negativity in the MACD, the proximity of the lines to the zero point indicates a possible formation of a positive crossover soon, which could ignite a strong green candle!
📊 Trading volume is rising! A noticeable increase in volume during the recent rebound, enhancing the likelihood of continued upward momentum.
$SHIB
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🚀 Expected scenario:
If SHIB manages to break the resistance at 0.00001307 (the highest peak in the last 24 hours), we may see an acceleration towards levels of 0.00001350 and above.
In case of a retracement, support at 0.00001260 could be a strong line of defense before any further decline.
$SHIB
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🔥 Is SHIB ready to explode?!
With the continued popularity of meme coins and the influx of liquidity from new investors, SHIB may be on the verge of a strong upcoming movement! Will you be ready to ride the wave? 🌊
