🔥 SHIB/USDT Weekly Analysis: Bearish Dive or Immediate Reaction? 🐕📉

📊 Trend Overview

SHIBA INU (SHIB) continues to ride a downward wave on the weekly chart, with clear signs of bearish momentum. The pattern of lower highs and lower lows is supported by strong red candles and downward trend lines (📐 yellow & green), confirming consistent selling over the past weeks. Traders should remain cautious as this decline shows no immediate signs of reversal.

🎯 Next Move: What's Ahead for SHIB?

With the current price hovering around 0.00001237, SHIB is targeting the medium-term goal of 0.00002000, which may act as a critical support level. If sellers maintain control, the price may continue to slide towards this zone.

However, a break above 0.00003159 could shift the momentum towards consolidation or potential recovery. Until then, expect more downward or sideways movement.

🔍 Key Support & Resistance Levels

✅ Support Zones:

0.00001055 – 0.00001500 🔽

Historical buying interest zone; remained strong during previous declines.

0.00002000 🎯

Marked as the medium-term target, this is the level that bulls will likely defend.

🚫 Resistance Zones:

0.00003159 – 0.00003800 🚧

Immediate obstacle to overcome for any bullish attempt.

0.00004500 🔺

An important resistance; breaking above this could signal a bullish reversal.

SHIB remains under bearish pressure on the weekly chart. If it fails to hold the medium-term support at 0.00002000, a new drop may unfold. On the other hand, reclaiming 0.00003159 could open the door for consolidation and possible rise.

> 🧠 Professional Tip: Watch the volume around key support levels. A bounce with confirmed volume at 0.00002000 could provide an early reversal signal.

$SHIB

SHIB

0.0000124

-1.35%

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