1000SHIBUSDT Perpetual (2024-12-31):
5-minute chart:
. The 1000SHIB/USDT pair is trading at 0.021855, below the VWAP at 0.021965, indicating mild selling pressure in the short term.
. The price tests the 20 DMA (0.021836) as immediate dynamic support, while the 200 DMA (0.021349) provides a solid base for deeper corrections.
. Recent POCs at 0.021280 (2024-12-31) and 0.021230 (2025-01-01) also serve as support zones. The resistance region formed by the previous POCs (0.021750, 0.021705, 0.021677 and 0.021665) remains relevant, while the top of the day (0.022205) needs to be broken to boost the bullish movement.
. On the other hand, the loss of the MM20 could lead to a deeper pullback, with the supports in the recent POCs and in the MM200 as possible targets.
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