🚀 $SHIB on the Move! +5.90% Today – Breakout or Fakeout?

Shiba Inu ($SHIB) just surged nearly 6% today, breaking above all major moving averages and flashing signs of short-term bullish momentum. But is this the beginning of a rally or just another meme-fueled pump?

Let’s break it down with key levels, trade ideas, and risk warnings:

📌 Market Snapshot

Price: $0.00001184 📈 (+5.90% Today)

Trend: Short-Term Bullish (Above MA7, MA25, MA99)

24h Range: $0.00001113 – $0.00001200

Volume: 1.42T SHIB / $16.56M USDT (High retail action)

🎯 Key Trade Zones

Type Price Range Details

🔮 Sell Zone $0.00001200 – $0.00001205 24h High + Resistance

🟱 Buy Zone $0.00001142 – $0.00001113 MA25 + 24h Low Support

🎯 TP (Short) $0.00001159 → $0.00001142 Quick retrace opportunity

🎯 TP (Long) $0.00001200 → $0.00001250 Breakout continuation target

🛑 SL (Short) $0.00001210 Above Resistance

🛑 SL (Long) $0.00001100 Below Key Psychological Level

📉 Technical Breakdown

MA(7): $0.00001159 → Fast Support

MA(25): $0.00001149 → Stability Level

MA(99): $0.00001143 → Long-Term Floor

RSI: Neutral, but rising – approach overbought cautiously

MACD: Showing bullish crossover – confirmation needed

⚡ Trade Setups

đŸ”» Short Trade (If Rejected at Resistance)

Entry: Near $0.00001200

Target: $0.00001159 → $0.00001142

SL: $0.00001210

đŸ”Œ Long Trade (If Support Holds)

Entry: Near $0.00001142 (MA25)

Target: $0.00001200 → $0.00001250

SL: $0.00001100

⚠ Market Conditions

✅ Momentum: Bullish today, but meme coin moves can reverse fast

📌 Final Verdict

✅ Best Play: Look to short near resistance ($0.00001200)

⚠ Long Only If: SHIB holds support at $0.00001142 with rising volume

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$SHIB

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