$SHIB Bullish Reversal in Sight?
Current Price: 0.00001169 USDT
Volume Analysis:
Volume SMA: 1.207B (average volume over the past period)
Key Levels:
Support: 0.00001165 - 0.00001160 (critical zone for bullish reversal)
Resistance: 0.00001175 - 0.00001180 ( immediate hurdle to overcome)
Bullish Scenario:
Target 1: 0.00001190 USDT (breakout above resistance)
Target 2: 0.00001200 USDT (next significant resistance level)
Bearish Scenario:
Target 1: 0.00001150 USDT (breakdown below support)
Target 2: 0.00001140 USDT (next significant support level)
The SHIBUSDT chart shows a potential bullish reversal scenario, with price attempting to break above resistance and target higher levels. However, the bearish scenario is also possible if price breaks below support.
Traders should keep an eye on the key levels and volume analysis to make informed decisions.
