$SHIB /USDT TECHNICAL ANALYSIS: STRUGGLING TO BREAK $0.00001360 RESISTANCE AMID RECOVERY ATTEMPT
$SHIB /USDT pair is trading at $0.00001351, showing a +4.32% gain in the past 24 hours after bouncing from a low of $0.00001284 and testing a high of $0.00001361. The 1.70 trillion SHIB traded in volume and $22.47M in USDT turnover reflect strong meme coin interest, though price remains capped under a key resistance zone.
Key Technical Levels:
Resistance Zone:
Price is facing firm resistance at $0.00001360 – $0.00001370,
A breakout and close above this level could send SHIB toward $0.00001420 – $0.00001480.
Support Levels:
Immediate support lies at $0.00001330,
A breakdown below that could pull price toward $0.00001300 – $0.00001290.
Momentum & Trend:
SHIB has shown short-term recovery (+9.84% in 90 days), but is still down 41.82% YoY,
The 1H chart shows a consolidation pattern between $0.00001300 and $0.00001360 — a breakout from this range will define the next move.
Volume Insight:
Strong volumes support the current bounce, but failure to break resistance soon may trigger profit-taking.
Market Outlook:
A clear break and hold above $0.00001360 would confirm bullish continuation, targeting $0.00001420+. However, continued rejection here could pull SHIB back into the $0.00001300 support zone, where dip-buyers may look for re-entry.
Trend Bias: Neutral-to-Bullish
Breakout Level: $0.00001360
Target if Breakout: $0.00001420 – $0.00001480
Support Zone: $0.00001330 – $0.00001290
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$SHIB