🚨Shiba Inu ($SHIB) is showing an interesting movement on the 15-minute chart, and we need to stay alert! Currently at $0.00001273, it has seen a pullback of -4.43% in the last 24h, which for some is a breather and for others, a signal of caution!
Moving averages give us clues: the MA7 at $0.0000127 and the MA25 at $0.00001266. We are dancing just above the MA7, which is a sign that the price is at a critical point. A cross below the MA25 could trigger alarms!
The volume of SHIB in 24h is 2.78T, a madness! But the volume of USDT is 35.36M. This imbalance in transaction volume could be an indicator of high volatility or, as always, the hand of manipulation pulling the strings! Big players often take advantage of these moments of low liquidity to move the price at will.
If SHIB manages to break the resistance at $0.00001334 (its high in 24h), we could see a bullish momentum with more ambitious targets. That is the level to conquer for the bulls!
On the other hand, if it loses the key support at $0.00001225 (its low in 24h), we could face a deeper pullback. This level is crucial for those looking for an entry or for those who are already in and want to protect profits.
Beware of market manipulation! Don't get carried away only by FOMO or FUD. Analyze well, manage your risk, and if you are a true member of the SHIBARMY, HODL with conviction, but with reason!
