SHIB 4H Chart Analysis for today
trading at 0.00001184, posting a 2.07% gain in the last 24 hours. The price is showing bullish momentum with higher lows and a potential breakout attempt above recent resistance at 0.00001197.
Trend and Moving Averages
The short-term trend is bullish:
EMA(7) = 0.00001179 is above both EMA(25) = 0.00001170 and EMA(99) = 0.00001164, forming a bullish alignment.
Price is currently testing the EMA(7) from above, suggesting buyers are trying to maintain upward pressure.
This setup confirms recent momentum recovery following the bounce from 0.00001121, a strong local support.
Momentum Indicators
RSI(6) = 59.65, RSI(14) = 56.91: Both RSI values are in the bullish-neutral zone, indicating upward momentum without being overbought. This provides room for further upside.
MACD histogram is showing mild positive divergence. Although the MACD line (0.00000006) and Signal line (0.00000005) are close, the crossover remains bullish, albeit with low momentum strength.
Key Levels
Resistance: 0.00001197 (24h high), 0.00001220 (swing high)
Support: 0.00001164 (EMA99), 0.00001121 (recent bottom)
Outlook
SHIB is showing a steady bullish recovery with near-term continuation potential. A confirmed break above 0.00001200 with volume could open the path to retest 0.00001220+. However, failure to hold above EMA(7) may lead to a pullback toward EMA(99).
