$SHIB

Shiba Inu (SHIB) experienced strong volatility over the past week, as its value dropped by 14%, marking its largest decline since March 2025. However, despite this sudden drop, the coin quickly stabilized above an important support level at around $0.00001200, reflecting strong buying support from investors and traders.

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📉 What happened?

SHIB dropped from higher levels to reach $0.00001160, then quickly recovered and found support at $0.00001200.

This recovery indicates that there is no panic among investors, but rather a desire to buy at this level.

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📊 What do the technical indicators say?

The Bollinger Bands indicator, which measures price volatility, has contracted to its narrowest range since February 2024.

This contraction is usually a precursor to a strong price explosion in either direction, upward or downward.

The trading volume has increased significantly during recent trading sessions, indicating the entry of large amounts of SHIB, likely from major investors or institutions.

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🔥 Strengths and Opportunities:

Strong support at $0.00001200: This level has proven its strength, and the coin has not lost it despite the decline.

Increased trading volume: The entry of large amounts supports the idea that the market is ready for a significant move.

The history of SHIB as a popular meme coin: Many traders follow it as a speculative opportunity, which increases its liquidity.

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⚠️ Risks and Challenges:

The price explosion could also be downward if buyers fail to maintain the support.

Meme coins are heavily influenced by market news and overall trading movement, increasing their volatility.

It is always advisable to set stop-loss points and not to over-risk.

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🎯 Predictions:

If the support at $0.00001200 continues, we could witness a rapid rise with a breakout of the Bollinger ranges, targeting higher levels starting from $0.00001350 to $0.00001500.

If the support breaks downward, SHIB may test lower support levels around $0.00001100.

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📢 Summary:

The time is now very sensitive as SHIB approaches the technical explosion point. For speculators or investors looking for an opportunity, this may be a good time to monitor closely and wait for the right opportunity to enter.