$SHIB Shiba Inu Market Update – Breakout Incoming?
SHIB is trading at $0.00001406, gaining 5.24% in the last 24 hours. The price is gradually climbing after bouncing from $0.00001300, now testing resistance near $0.00001413. A successful breakout could send SHIB toward $0.00001450-$0.00001500.
Spot Trading Signal:
📥 Entry: $0.00001390 - $0.00001400 (on a pullback or consolidation)
🎯 Target: $0.00001450 - $0.00001500
🛑 Stop Loss: $0.00001370
Technical Outlook:
Moving Averages: SHIB is trading above the 7-day and 25-day moving averages, indicating bullish momentum.
KDJ Indicator: Shows overbought conditions, meaning some short-term consolidation is possible before the next move.
Volume: Needs to increase for a confirmed breakout.
🔥 Strategy: If SHIB stays above $0.00001390, it could push higher. A rejection at resistance might lead to a retest of $0.00001370 support before another attempt upwards. Watch for volume spikes before entering!
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