$SHIB Decision Point Approaching: Will SHIB Reclaim the High Ground?
SHIB is trading at 0.00001522, down 3.73% on the day after briefly touching a high of 0.00001594. Price is now wedged below key resistance, consolidating after a strong intraday bounce. The upcoming move could define the next short-term trend.
Key Levels to Watch
• Resistance Zone: 0.00001530 – 0.00001560
A strong breakout above this range may ignite momentum toward:
• Target 1: 0.00001585
• Target 2: 0.00001620
• Support Zone: 0.00001510 – 0.00001480
A failure to hold this range could trigger downside toward:
• Target 1: 0.00001470 (24h low)
• Target 2: 0.00001430
Trade Setup
• Bullish Entry: Break and close above 0.00001560
• Target 1: 0.00001585
• Target 2: 0.00001620
• Bearish Entry: Breakdown below 0.00001480
• Target 1: 0.00001470
• Target 2: 0.00001430
SHIB is eyeing a breakout from compression. Buyers must clear 0.00001560 with conviction to fuel further gains, while sellers may regain control below 0.00001500. Keep your strategy sharp—volatility is brewing.