$SHIB Tightens Near Key Resistance – Is a Breakout Above 0.00001500 on Deck?
SHIB/USDT is currently trading at 0.00001480, up 3.64% on the day. Price action on the 15-minute chart reveals a tightening range just below key resistance levels. With volume building and buy-side strength evident, SHIB is approaching a decision point.
Key Technical Levels
• Resistance Zone: 0.00001495 – 0.00001520
A breakout above this range could accelerate price toward the next psychological target near 0.00001550.
• Support Zone: 0.00001470 – 0.00001460
Maintaining this support is critical for the current bullish structure to stay intact.
Trade Setup – Breakout Brewing or Trap Setting?
Bullish Setup
Entry: Break and hold above 0.00001520
Target 1: 0.00001550
Target 2: 0.00001578 (24h high)
Bearish Setup
Entry: Breakdown below 0.00001460
Target 1: 0.00001420
Target 2: 0.00001387 (24h low)
SHIB is consolidating just below resistance with healthy volume and order book support. A clean breakout above 0.00001520 could trigger a fast move, but failure here may lead to a quick retest of lower supports. Monitor volume and candle close behavior near key levels.