🐶 SHIB Under Pressure: Is Shiba Inu Preparing for a Big Move?

After a bright surge in early July, the price of #SHIB has once again found itself in a pressure zone — and this isn't necessarily bad news.

📉 Today, SHIB is trading around $0.00001296, trying to hold above key support at $0.00001200. Resistance meets the price already at $0.00001404 and $0.00001508.

🔍 What Technical Analysis Shows:

— RSI (30m): 40.83 — moderately bearish, but close to oversold territory

— MACD (30m): weak negative momentum

— Bollinger (4H): compression = approaching volatility

— CHoCH: at $0.00001197 – key area of interest for “smart money”

📊 Network netflow — -$146,000, signaling capital outflow and uncertainty among major players.

🌀 The symmetric triangle on the weekly chart is still in play — the compressing structure indicates an approaching powerful move. Support at $0.00001044–$0.00001140 could become a reversal point if selling pressure intensifies.

📈 Forecast (24h):

Bullish scenario: holding above $0.00001244 and breaking $0.00001320 will clear the way to $0.00001404 and $0.00001508

Bearish: losing $0.00001200 = pullback to $0.00001140 or even $0.00001044

📌 The area $0.00001200–$0.00001300 is being monitored by the entire market. Be ready.