SHIB/USDT trend analysis (1-day frame)
Below is the analysis based on the data from the chart you provided:
1. Price Action
Current price: 0.00001564 USDT
24h fluctuation range: 0.00001536 - 0.00001579 USDT
Recent price is recovering from the bottom of 0.00001160 and is trending around the range of 0.000015 - 0.000016.
The price has not shown a clear breakout, currently in a light accumulation area.
2. Bollinger Bands analysis
Upper Band: 0.00001679 - 0.000017
Middle Band (MA20): 0.00001576
Lower Band: 0.00001472
Comment:
The price is fluctuating near the middle line of the Bollinger Band, indicating that the market is in an accumulation phase.
If the price exceeds 0.00001679, there is a high possibility of testing the range of 0.000017 - 0.000018.
If the price breaks below 0.000015, it may return to support at 0.00001472 - 0.0000145.
3. MACD indicator
MACD line (Green): Narrowing the gap with the Signal line, showing signs of preparing to cross up.
If MACD crosses above the Signal line with increasing buying volume, the price may continue to trend upwards.
4. RSI (Relative Strength Index)
RSI value: 48.06
RSI is gradually approaching the 50 mark; if it exceeds 55 - 60, the uptrend will be further reinforced.
If RSI weakens below 40, selling pressure may increase.
5. Stochastic indicators (K, D, J - Yellow, Purple, Blue lines)
The K, D, and J lines are starting to curve up from the oversold area.
If it continues to rise above 50, it may indicate an uptrend.
6. Trading volume
24h trading volume: 830.64B SHIB (~12.97M USDT).
Volume shows signs of slight decrease, indicating the market has not had a strong breakout.
If volume increases along with the price, there is a high possibility of the next price surge.
7. Important support & resistance areas
Important support:
0.000015
0.00001472 (Lower Bollinger Band)
0.000014 (Strong support area, nearest bottom)
Important resistance:
0.00001679 - 0.000017 (Upper Bollinger Band)
0.000018
0.000020 (Strong resistance area)
8. Conclusion on the trend
✅ Short-term trend: Light accumulation, may rise if it surpasses 0.00001679.
✅ Medium-term trend: Slight increase but not strong enough for a breakout.
✅ Long-term trend: Still needs to break above 0.000018 to confirm a clear uptrend.
