The 15-minute chart for $SHIB shows a recent bullish rally that peaked at 0.00001719 before encountering resistance and pulling back. Currently, the price sits at 0.00001678, with temporary support around 0.00001668. The 7-period moving average is slightly above the price, indicating a potential short-term bearish retracement. A breakout above 0.00001686 could signal a continuation of the uptrend toward the recent high, while a drop below 0.00001668 may lead to a retest of the 0.00001649 support level. With trading volume remaining high, market participation is strong. Traders should wait for confirmation of a breakout before making new entries.

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