$SHIB USDT Decision Zone:
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Bounce or Breakdown
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Shiba Inu (SHIB) is trading at $0.00001184-$0.000012, with a 2.71%-4.95% increase in the last 24 hours. Here's a breakdown of the current situation and possible trade setups:
Current Price Action
SHIB's price is hovering near a critical support level, with a market capitalization of $6.93 billion-$7 billion and a circulating supply of 589.25 trillion tokens.
Bullish Trade Setup
- *Entry Zone:* $0.00001184-$0.000012
- *Target 1:* $0.000013
- *Target 2:* $0.000014
- *Target 3:* $0.000015
- *Stop Loss:* Hold in spot and adjust based on proximity to support or resistance levels
Bearish Trade Setup
- *Breakdown Level:* Below $0.0000115
- *Target 1:* $0.000011
- *Target 2:* $0.0000105
- *Target 3:* $0.00001
- *Stop Loss:* Hold in spot and adjust based on proximity to resistance levels
Market Outlook
The SHIB token is experiencing a mix of bullish and bearish sentiments, with some analysts predicting a potential price surge. Monitoring volume confirmation closely will be crucial in determining the next major move ยน ยฒ ยณ.
*Key Levels to Watch:*
- *Support:* $0.0000115
- *Resistance:* $0.000013
Keep in mind that cryptocurrency prices are highly volatile, and actual prices may differ from these predictions. Always do your own research and consider multiple sources before making investment decisions.