SHIB Showing Signs of Recovery — Spot Buying Opportunity or Just a Pause?
Shiba Inu (SHIB) is currently trading at $0.00001468, up +3.38% on the day. After reaching a local high of $0.00001765, SHIB corrected and is now showing signs of a rebound — potentially opening the door for a spot entry.
Technical view (1D):
Price bounced off the EMA(99) and is now testing the EMA(25) as resistance.
The EMA(7) is still slightly downward, but could turn with another bullish candle.
RSI(6) is at 47.96, a neutral zone with room for further upside.
Support: $0.00001316
Resistance: $0.00001478 to $0.00001550
My personal take:
This pullback could present a spot buying opportunity for those looking to scale in gradually, targeting the $0.000017 area.
However, it’s important to wait for a confirmation candle above the moving averages with solid volume. If that fails, SHIB may revisit the $0.000013xx zone.
What about you — considering a spot entry or waiting for stronger confirmation?
