✅ Technical Analysis for $SHIB - Dated June 12, 2025
📉 Overview: Shiba Inu is currently trading in a sideways range after a strong upward wave at the beginning of June, but it could not maintain the momentum and break through the key resistance at $0.0000290. It is currently entering a consolidation phase.
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📊 On the 4-hour time frame:
The price is moving within a horizontal channel between:
Support: $0.0000245
Resistance: $0.0000288
RSI at 51: Neutral, no overbought or oversold conditions.
MACD shows the beginning of a slight positive crossover.
A symmetrical triangle pattern has started to form, indicating a potential breakout soon.
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📌 Important Technical Levels:
Strong Support: $0.0000245
Potential Buying Zone: $0.0000250$ – $0.0000248
Nearby Resistance: $0.0000288
A breakout above it opens the way towards: $0.0000310
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🧠 Technical Expectation:
> If the resistance at $0.0000288$ is broken with a 4-hour close, an upward move towards $0.0000310$ and then $0.0000335 is expected.
However, if the support at $0.0000245 is broken, we may see a quick test of the $0.0000230 area.
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📢 Advice for Traders:
It is preferable to wait for the breakout before entering.
Early entry is possible from support with a stop loss below $0.0000238.
Please stay tuned for more analyses.
