This $SHIB -hour chart, let's get straight to the point:

What's the current situation?

SHIB has just fallen from a high of 0.00001362 and is now lying on the ground catching its breath, showing some signs of a rebound, but don't rush to celebrate; overall, it is still swaying in a downward trend.

Keep a close eye on the key price levels!

Support level below: 0.00001138, if this level is broken, SHIB may need to explore further down, like having the floor pulled out from under it. Resistance level above: 0.00001217, this level is pressing down like a ceiling; for SHIB to surge upward, it must first break through this layer of resistance.

What do the technical indicators reveal?

Moving Averages: The short-term moving averages (MA7, EMA7) are hovering below the long-term moving averages (MA30, EMA30), indicating a slightly weak short-term trend, like a little brother following the big brother.

Bollinger Bands: SHIB is currently playing along the middle band of the Bollinger Bands; the upper and lower bands are like two bodyguards. If the price dares to break through the upper band or falls below the lower band, that would signal a change in the market.

MACD: The DIF and DEA lines are entangled underwater, and the MACD bars are green, indicating insufficient market momentum; SHIB is still bathing in a downward trend.

RSI: The RSI value is not high, indicating that the market is somewhat oversold, and SHIB may have a short-term need for a rebound, but don't expect it to jump too high.

#SHIB is still in a downward trend, but there may be a rebound in the short term. If you want to play, keep a close eye on the support and resistance levels, just like watching traffic lights. If the price breaks below the support level, then run quickly; if it breaks through the resistance level, then there might be some action to watch. Of course, technical indicators are just a reference; how to operate specifically still depends on your own risk tolerance and investment strategy.

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