🔍 SHIB Analysis – Meme Bounce or Resistance Stall? 🔍
🐕 Shiba Inu (SHIB), one of the most recognized meme coins, is trading near $0.00001342. Price action shows bullish continuation, but resistance is approaching and sentiment remains speculative.
📈 Technical Analysis
- Short-term trend: Bullish
- Support: $0.00001280
- Resistance: $0.00001410
- Pattern: Ascending triangle on 4H
- Volume: High, meme-driven
- RSI: Near 71, overbought zone
- Outlook: Bullish with caution
📰 Market Data & News
- Current Price: $0.00001342
- 24h Change: +3.9%
- No major headlines; SHIB continues to trend across social media and meme coin communities
🔄 Scenario Breakdown
- Bullish Case: Break above $0.00001410 confirms continuation. TP: $0.00001520 / SL: $0.00001280
- Bearish Case: Drop below $0.00001280 signals exhaustion. TP: $0.00001160 / SL: $0.00001410
📊 Sentiment Meter
📈 Bullish Momentum – Meme-driven breakout setup
⚠️ Risk Level
🔴 High – Volatile price swings, sentiment-driven trend
SHIB #TheCryptoMalik