$SHIB $USDC Based on the 1-hour chart of Shiba Inu (SHIB/USDT) from Binance:

🔍 Key Observations:

Strong Bullish Breakout:

The price has risen from 0.00001230 to 0.00001340, now holding at 0.00001328.

Clear break above the 50-period MA (currently at ~0.00001273), confirming bullish momentum.

RSI (6) Extremely Overbought:

The current RSI is 88.46, indicating a very overheated condition.

High probability of a short-term retracement or sideways movement soon.

Resistance Zone:

The price has reached a high in the range 0.00001333–0.00001340, facing rejection.

This zone could act as immediate resistance in the coming hours.

📈 Short-Term Forecast (Next Few Hours):

Likely Retracement or Consolidation Before the Next Move

✅ If momentum persists: The price may attempt to retest 0.00001340 and extend towards 0.00001360.