๐โ๐ฆบ $SHIB /USDT โ Shiba Dips into Oversold Territory! Will It Bite Back? ๐ป๐พ
$SHIB is trading at $0.00001116 (-0.45%), hovering near its local support zone. RSI flashing oversold, but bears still control momentum. Is this the calm before the bounce?
๐ Market Overview
๐ Current Price: $0.00001116
๐ 24h High: $0.00001143
๐ 24h Low: $0.00001106
๐ RSI (6): 24.29 (Oversold zone)
๐ MACD: Bearish continuation risk
๐ Moving Averages (MA):
MA(7): 0.00001122
MA(25): 0.00001132
MA(99): 0.00001153
๐ Price trading below all MAs โ sellers dominating short-term flow.
๐ SHIB Trade Setups
๐น Bullish Scenario (Reclaim and Hold Above $0.00001122):
Entry: Above $0.00001130
Targets: $0.00001156 โค $0.00001183 โค $0.00001211
Stop-Loss: $0.00001098
๐ป Bearish Scenario (Breakdown Below $0.00001100):
Entry: Below $0.00001095
Targets: $0.00001070 โค $0.00001040 โค $0.00001000
Stop-Loss: $0.00001128
๐ Technical Pulse
RSI at 24.29 = oversold, possible bounce bait
Volume still strong: ~2.92B SHIB, but leaning bearish
Key support at $0.00001106 โ break = bleed; bounce = relief rally
๐ฌ Final Word:
Eyes on $0.00001100. SHIB army must hold the line, or the meme magic fades. Can bulls flip this script?
๐ฅ COMMENT โWOOFโ if you're buying the dip or just vibing with the volatility.