$SHIB /USDT CONSOLIDATES AT CRUCIAL SUPPORT – WATCH FOR BREAKOUT ⚡
SHIB/USDT is currently trading at 0.00001289 (-1.30%), sitting right at the day’s low after failing to sustain above 0.00001326 (24h high).
🔹 Support Zone: 0.00001285 – 0.00001289 is acting as immediate support. If this breaks, we could see further downside toward 0.00001250.
🔹 Resistance Levels: Key resistance lies at 0.00001326, followed by 0.00001360. A breakout above these could trigger bullish momentum.
🔹 Indicators:
EMA & MA: Price is testing short-term moving averages, showing weakness.
Bollinger Bands: Price is hugging the lower band → signaling oversold conditions and possible rebound.
MACD: Bearish crossover developing, but momentum is weakening.
Volume: 24h volume at 13.37M USDT shows moderate participation, with sellers slightly dominating (54.70% vs 45.30% buys).
📊 Trend Outlook:
SHIB is consolidating at a make-or-break level. If buyers defend 0.00001285, a rebound toward 0.00001330 – 0.00001360 is possible. However, a breakdown could drag price lower.
👉 Traders should watch for a strong close above 0.00001326 for bullish confirmation, or below 0.00001285 for bearish continuation.
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