$SHIB [TECHNICAL ANALYSIS – SHIB/USDC]

Timeframe: 1W

Trend: Consolidation with potential breakout

Sentiment: Cautiously bullish

⸻

Key Data:

• Current Price: 0.00001232 USDC

• 24h High / Low: 0.00001233 / 0.00001181

• EMA(7): 0.00001230

• EMA(25): 0.00001245

• EMA(99): 0.00001310

• MA(5): 115.71B SHIB

• MA(10): 112.92B SHIB

• RSI(6/12/24): 58.12 / 54.89 / 51.76

• Volume (24h): ~115.71B SHIB / ~1.40M USDC

⸻

Key Highlights:

• Entry Point: Potential entry near 0.00001190–0.00001210, where local support is forming.

• Profit Target: First target near EMA(99) at 0.00001310, and if broken, the next one near 0.00001350.

• Risk: Suggested stop-loss below 0.00001180, to limit downside exposure.

• RSI Momentum: RSI(6) indicates growing buying pressure, which may support further upside.

• Volume Activity: Increasing volume could confirm a potential breakout above key levels.

⸻

Conclusion:

SHIB/USDC is currently consolidating, but technical indicators suggest a possible breakout. The 0.00001190–0.00001210 support zone may provide a good entry opportunity if price stabilizes. A breakout above 0.00001310 would confirm bullish strength, opening the path to 0.00001350.

⸻

#Crypto #Trading #SHIB #TechnicalAnalysis #Binance