Let's break down the key trading data and indicators for $SHIB /USDT to understand the market trend and potential trading strategies.
1. Price & Trend Overview
Current Price: $0.00001222 (+0.49%)
24H High: $0.00001305
24H Low: $0.00001195
Price Change:
1 Day: -3.40%
7 Days: -15.67%
30 Days: -7.92%
90 Days: -46.61%
1 Year: -54.11%
➡ Analysis:
$SHIB is currently in a downtrend over the longer term (90 days & 1 year), but there's a short-term price bounce in the last 24 hours.
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2. Moving Averages (Trend Indicators)
EMA(7): 0.00001229 (short-term trend)
EMA(25): 0.00001239 (medium-term trend)
EMA(99): 0.00001258 (long-term trend)
➡ Analysis:
Price is below all EMAs, which indicates bearish momentum.
EMA(7) is below EMA(25) and EMA(99), confirming a short-term downtrend.
If price breaks above EMA(25) and EMA(99), it could signal a reversal.
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3. Volume & Market Depth
24H Trading Volume:
SHIB: 3.36 Trillion
USDT: 41.93M
Recent Trade Volume: 16.6B
Moving Averages of Volume (MA):
MA(5): 40.73B
MA(10): 87.96B
➡ Analysis:
High volume indicates strong market participation.
Declining volume MA(10) vs. MA(5) suggests traders are losing interest or market is consolidating.
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4. Support & Resistance Levels
Support: $0.00001195 (recent low)
Resistance: $0.00001305 (24H high)
Breakout Level: $0.00001311 (above resistance)
➡ Analysis:
If price breaks below $0.00001195, it may drop further.
If it breaks above $0.00001305-$0.00001311, it could move higher.
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5. Potential Trading Strategy
Bullish Scenario (If price breaks resistance)
Buy if SHIB closes above $0.00001311 with high volume.
Take profit at $0.00001350 - $0.00001400.
Set stop loss at $0.00001200.
Bearish Scenario (If price falls below support)
Short sell if $SHIB drops below $0.00001195.
Target price $0.00001150 - $0.00001120.
Stop loss at $0.00001230.
