1. Overall Performance:
Current Price: 0.00002013 USDT
Daily Change: +0.25% 📈
Highest Price in 24 Hours: 0.00002023
Lowest Price in 24 Hours: 0.00001969
2. Moving Averages (MA):
MA (7): 0.00002028
MA (25): 0.00002089
MA (99): 0.00002308
📊 Interpretation:
The current price is lower than MA (7) and MA (25), indicating short-term bearish momentum.
The price is well below MA (99), reinforcing the overall bearish trend.
3. Relative Strength Index (RSI):
RSI (6): 37.66
📈 Interpretation:
The Relative Strength Index indicates that the market is close to being oversold (below 30), with a potential for a bullish rebound.
4. Stochastic Indicator $SHIB:
K: 14.85
D: 22.50
📊 Interpretation:
The Stochastic Indicator is very low, indicating strong selling pressure and the likelihood of a near-term recovery.
5. MACD Indicator:
DIF: -0.00000081
DEA: -0.00000069
MACD Histogram: -0.00000012
📊 Interpretation:
The MACD indicator reflects bearish signals, with the negative momentum trend continuing.
6. Wm %R Indicator:
Wm %R (14): -88.32
📊 Interpretation:
The market is in a deep oversold area, which increases the likelihood of a correction or price rebound.
7. Trading Volume (VOL):
Trading Volume: 1.012 trillion
📊 Interpretation:
High trading volume indicates strong activity, but price movement has not shown clear buying strength, suggesting continued selling pressure.
8. Support and Resistance:
First Support: 0.00001969
Second Support: 0.00001463
First Resistance: 0.00002089
Second Resistance: 0.00002308
Recommendations $SHIB:
Entry:
We can wait until testing the support at 0.00001969 to monitor any potential rebound.
Take Profit:
At resistance levels 0.00002089 or 0.00002308 if a bullish breakout occurs.
Stop Loss:
At the level of 0.00001950 to avoid the risk of a significant drop.
Summary:
The market is experiencing strong selling pressure.
Oversold indicators like RSI and Wm %R support the likelihood of a near-term rebound.#$##