๐ถ ๐ฆ๐๐๐ ๐๐ถ๐๐ ๐ข๐๐ฒ๐ฟ๐๐ผ๐น๐ฑ ๐ญ๐ผ๐ป๐ฒ: ๐ช๐ถ๐น๐น ๐ง๐ต๐ถ๐ ๐๐๐น๐น๐ถ๐๐ต ๐ฃ๐ฎ๐๐๐ฒ๐ฟ๐ป ๐ฆ๐ฝ๐ฎ๐ฟ๐ธ ๐ฎ ๐ฒ๐ฎ% ๐ฅ๐ฒ๐ฏ๐ผ๐๐ป๐ฑ?
๐ป Price Action Recap:
SHIB dropped 38% recently due to fear sparked by U.S.โIran tensions.
It hit a low of $0.000011, wiping out over $12B in value.
Whales dumped 80% of holdings in 30 days; smart money also reduced exposure.
๐ Market Sentiment & Technical Pressure:
SHIB is below all major moving averages.
RSI has dropped to 30 โ a level where SHIB has bounced in the past.
Futures open interest is down to $122M, the lowest since May.
Indicators (RSI, MACD, Stochastic) still show weak momentum โ but this often precedes a reversal.
๐ What Traders Should Watch:
A double-bottom is forming around $0.00001030 โ a level tested twice.
This is a classic reversal pattern. If SHIB holds above it, and gains volume, we could see:
๐ Target: $0.00001765 (a potential 62% upside)
๐ Risk Level: If SHIB breaks below $0.00001030, the pattern fails.
Next key support: $0.0000080
๐ง Key Takeaway for Traders:
SHIB is at a critical level. Bulls are watching $0.00001030 closely for a bounce setup. If confirmed, a strong recovery could follow. But if it breaks, expect more downside.