SHIB is now at a critical moment! Recently, the price has been like a roller coaster, with the hourly chart showing $0.00001274 and the daily line hovering around $0.00001281. From a technical perspective, this cryptocurrency is playing 'tightrope walking' between $0.0000126 and $0.0000133, possibly continuing to fall, but who knows, it could also rebound.
Let's get to the point, there are three key highlights on the chart: the price rebounded twice after hitting a low of $0.0000126, resembling the letter 'W'; the recent candlestick shadows have grown longer, indicating that there are buyers below; most importantly, the price is currently stuck between the 20-hour and 50-hour moving averages, just like the boundary between two opposing armies.
There's a 'trap' with the trading volume here—on the surface, recent trading volume seems to have shrunk, but large fund addresses are quietly accumulating. Data shows that whale accounts holding over 1 trillion SHIB have secretly increased their positions by 12% in the past week. Even stranger, the amount of SHIB on exchanges is decreasing, while liquidity on decentralized exchanges has actually increased by 8%, indicating that smart money is positioning itself.
Next, keep a close eye on two numbers: the upper level of $0.00001291 is the first hurdle; if it breaks through, $0.00001331 can be seen; the lower level of $0.0000126 is the death line, and falling below it could lead to a direct drop. If it can break through $0.00001331 within 4 hours, and the trading volume is more than 50% above normal, something significant might happen.
Lastly, let's be honest: trading SHIB now is like dancing on a minefield; geopolitical conflicts and regulatory winds could trigger market movements. It is recommended to build positions in batches, using no more than 20% of your position to test the waters, with a stop-loss set below $0.0000125. The market changes quickly, so hit follow, and next time we will combine on-chain data to see how the main forces 'draw the pie'.
