💡 Quick technical analysis (on the 1h timeframe):
🔻 A decrease of -7.99% to $0.00001175, but the price shows signs of stability after bouncing from the recent low at $0.00001138.
✅ RSI at 42.36
=> Still far from the oversold area, but gradually heading towards stability – an initial signal of calming the negative momentum.
📊 MACD is improving!
=> The lines are crossing positively, and MACD recorded 0.00000004, which is a sign of a potential bullish momentum beginning!
📉 DIF and DEA are still negative, but are continuously converging towards a bullish crossover 🔄
📈 Stochastic RSI shows positive momentum!
K: 66.71
D: 61.73
J: 76.66
=> Momentum is rising, supporting the possibility of a bullish price movement in the coming hours.
📊 Nearby resistance level: $0.00001178 (AVL)
🛡️ Strong support: $0.00001138
$SHIB
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🚀 Expected scenario:
🔼 If SHIB breaks the level of $0.00001178, the next targets will be around $0.00001201 and then $0.00001237 in the short term.
🔽 If support at $0.00001138 breaks, we may see a pullback towards $0.00001129, while monitoring trading volume to confirm the trend.
$SHIB
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🔥 Is SHIB ready for a rocket rise?
As the technical momentum starts to improve and the price remains above support, the moment of launch may be very close – but caution is necessary, and waiting for confirmation of the breakout is key! 🔐