As of March 25, 2025, Shiba Inu (SHIB) is trading at approximately $0.00001363 USD.

Technical Analysis Overview:

Trend Analysis: SHIB has recently broken above a descending wedge pattern, suggesting a potential trend reversal. The price reached a low of $0.00001078 before rebounding, indicating a possible bottom formation.

Resistance Levels: A significant resistance zone lies between $0.00001450 and $0.00001550, aligning with the 0.618 Fibonacci retracement level. Historically, this area has acted as both support and resistance, making it a crucial decision point for future price movements.

Moving Averages: SHIB is currently trading below both the 50-day and 200-day Exponential Moving Averages (EMAs) on daily and 4-hour timeframes, indicating a bearish trend.

Momentum Indicators: The Relative Strength Index (RSI) is at 38.395, suggesting that SHIB is approaching oversold conditions. Additionally, the Average Directional Index (ADX) at 65.232 indicates a strong trend.

Support Levels: The nearest support zones are at $0.000012 and $0.000010.

Conclusion:

While SHIB shows signs of a potential bullish reversal, it faces significant resistance ahead. Traders should monitor key resistance levels and moving averages closely. A confirmed break above the $0.00001550 resistance could signal further upside, while failure to do so may result in retesting lower support levels. As always, consider market volatility and conduct thorough analysis before making trading decisions.

For a visual analysis and more insights, you may find the following video helpful:

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