1000SHIBUSDT Perpetual (2024-12-30):
5-minute chart:
. The price of 1000SHIBUSDT has returned to the consolidation zone, where the previously mentioned POCs (0.021750, 0.021705 and 0.021665) are located, suggesting an attempt to stabilize after the recovery movement.
. The current price of 0.021550 is above the VWAP (0.021301), indicating that buyers still have strength, but face important resistance in this consolidation zone.
. The high of the day (0.021881), close to the POCs, lines up as a significant resistance.
. the market is in a decisive zone: the breakout of the POCs and upper resistances could consolidate a new bullish structure.
If you liked the analysis, let's like, comment, share and follow the profile. (Thank you)!
Check out the chart below:
