$SHIB Breakout Confirmed or Bull Trap Setup?
SHIB is trading at 0.00001512, gaining traction with a 1.4% move and strong volume. Price is testing resistance after a sharp surge—momentum is hot, but structure is tight.
Key Price Levels to Watch:
Resistance Levels:
• 0.00001520 – Immediate breakout level
• 0.00001535 – Extension target
• 0.00001551 – Daily high to flip full bullish
Support Levels:
• 0.00001500 – First support to hold gains
• 0.00001422 – Breakdown zone
Trade Setup – Strong Volume Signals Move Incoming
Bullish Scenario:
A breakout above 0.00001520 could lead to:
• Target 1: 0.00001535
• Target 2: 0.00001551
Bearish Scenario:
Failure to hold 0.00001500 could trigger a pullback toward:
• Target 1: 0.00001460
• Target 2: 0.00001422
With meme market interest rising and SHIB volume exploding, this could be the start of another leg up—or a fast rejection. Stay alert.