$SHIB Cooling After the Spike đ
SHIB is trading around $0.00000548, after spiking above $0.00000620 earlier this week during the broader risk-on rally.
Technical Snapshot:
⢠Support: $0.00000520 â $0.00000530
⢠Stronger support: $0.00000490 â $0.00000500
⢠Resistance: $0.00000580 â $0.00000600
⢠Momentum: Positive but cooling after the vertical move
The Setup:
SHIB joined the market-wide surge driven by Bitcoinâs breakout and improved liquidity. It broke higher from the $0.0000044â$0.0000048 range, hit a local high near $0.00000625, and is now consolidating.
Potential targets on this rally:
Near-term: $0.00000600 â $0.00000650 Stretch target if momentum returns: $0.00000700 â $0.00000750
As long as $0.00000520â$0.00000530 holds, the path of least resistance remains higher while the broader market stays risk-on.
#SHIB #shibaInu #MEME #crypto
SHIB is trading around $0.00000548, after spiking above $0.00000620 earlier this week during the broader risk-on rally.
Technical Snapshot:
⢠Support: $0.00000520 â $0.00000530
⢠Stronger support: $0.00000490 â $0.00000500
⢠Resistance: $0.00000580 â $0.00000600
⢠Momentum: Positive but cooling after the vertical move
The Setup:
SHIB joined the market-wide surge driven by Bitcoinâs breakout and improved liquidity. It broke higher from the $0.0000044â$0.0000048 range, hit a local high near $0.00000625, and is now consolidating.
Potential targets on this rally:
Near-term: $0.00000600 â $0.00000650 Stretch target if momentum returns: $0.00000700 â $0.00000750
As long as $0.00000520â$0.00000530 holds, the path of least resistance remains higher while the broader market stays risk-on.
#SHIB #shibaInu #MEME #crypto
