$SHIB
/USDT 1M Chart Analysis (Monthly Timeframe)
Current Price: 0.00001220 USDT
Monthly Performance: +1.16%
24h Range: 0.00001160 – 0.00001223
Volume: 1.12T SHIB / 13.31M USDT
Technical Overview:
MA(7): 0.00001263 (Above price) – Short-term bearish bias
MA(25): 0.00001518 (Significantly above price) – Long-term pressure still present
Support: 0.00001160 (24h low), 0.000008854 (monthly wick low)
Resistance: 0.00001263 (MA7), 0.00001518 (MA25)
Trend Outlook:
SHIB is consolidating in a tight range just below immediate resistance. The short-term price action shows signs of sideways accumulation, possibly preparing for a breakout attempt if broader market sentiment improves. However, the 7-day moving average acting as resistance may cause rejection unless volume increases.
Signal:
Entry: Above 0.00001270 (confirmed breakout with volume)
Targets:
T1: 0.00001350
T2: 0.00001500
Stop Loss: Below 0.00001150
⚠️ Note: Be cautious—this is a meme coin with high volatility. Wait for confirmation before entry.
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