🟢 Current Trend
- Pattern: Rising parallel channel (bullish) on daily chart.
- Price Action: Consolidating near $0.000015 resistance.
- Key Signal:Holding above $0.000012 (50-day EMA) supports upside.
📊 Technical Snapshot
| Indicator | Value | Sentiment |
| RSI (Daily) | 52 | Neutral ↗️ (Bullish tilt if >50). |
| 50-day EMA | $0.000012 | Strong dynamic support. |
🎯 Critical Levels
Support:
1. $0.000012(50-day EMA) – Must hold for bullish bias.
2. $0.000010 – Psychological level (20% drop risk if broken).
Resistance:
1. $0.000015 – Channel top & immediate target.
2. $0.000017 (161.8% Fib) & $0.000020 (261.8% Fib) – Post-breakout goals.
⚡ Market Outlook
- Bitcoin Link:SHIB’s rally depends on BTC holding $[BTC Support Level] amid market rebound.
- Catalysts:Rising crypto liquidity, Shibarium adoption updates .
- Risks:Breakdown below $0.000012 invalidates bullish structure.
📈 Trader Strategy (April)
Bullish Playbook:
- Buy dips above $0.000012 → Target $0.000015 → $0.000020.
- Confirm breakout with rising volume & RSI >60.
Bearish Scenario:
- Close below $0.000012 → Exit longs → Retest $0.000010 likely.
- Stop-loss: $0.000011(below EMA).
🔍 Why It Matters
- SHIB’s April performance could set the tone for Q2 2024.
- A $0.000020 rall
y (+33%) is feasible if Bitcoin stabilizes.
