SHIBA INU ($SHIB ) Price Analysis — Bullish Momentum Building
Current Price: 0.00001513 USDT
24h Change: +0.80%
24h Volume (SHIB): 2.29T
Chart Timeframe: 1-minute candles
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🔍 Key Technical Insights:
1. Strong Support and Recovery:
• SHIB bounced from a local low of 0.00001500 and is forming higher lows consistently.
• It’s now testing previous resistance at 0.00001513, a breakout here could push SHIB toward the next key level.
2. Moving Averages Turning Bullish:
• MA(7) = 0.00001511, MA(25) = 0.00001509, and MA(99) = 0.00001506 — all MAs are closely aligned and trending upwards.
• The price is currently above all three moving averages, indicating strong bullish momentum.
3. MACD (Moving Average Convergence Divergence):
• MACD line and Signal line are nearly aligned but positioned above the zero line.
• This suggests early bullish momentum is forming — if MACD crosses upward again, a price breakout is likely.
4. Volume Confirmation:
• Volume spike during the price rally confirms real buying interest.
• Stable volume suggests accumulation is happening before the next move.
5. Resistance Zone Near Breakout:
• Resistance lies around 0.00001534 (24h high). A breakout above this could push SHIB toward 0.00001600+ in short-term.
• If buying pressure sustains, removing one zero (targeting 0.0001) becomes a realistic medium-term goal.
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🚀 Conclusion: SHIB Has Potential to Remove One Zero Soon
With strong technical indicators — bullish crossover on MAs, volume increase, and price consolidating near resistance — SHIB shows serious potential to climb and eliminate one zero from its price. Meme coin sentiment, retail interest, and exchange activity all support the bullish case.
Next Targets:
• Short-Term: 0.00001550 – 0.00001620
• Mid-Term Goal: 0.00010000 (removal of one zero)
