$SHIB $SHIB $SHIB The SHIB/USDT pair is currently experiencing a short-term pullback after a previous uptrend. However, the overall bullish trend remains intact, supported by various technical indicators.

Support and Resistance Levels:

Immediate Support: The 0.00001759 level is providing immediate support. A break below this level could trigger a deeper correction.

Strong Resistance: The 0.00001893 level is acting as a strong resistance. A break above this level would signal a resumption of the uptrend.

Entry Signal:

A potential entry point could be a pullback towards the 0.00001759 support level. If the price finds support at this level and shows signs of a reversal, it could be a good opportunity to enter long.

Technical Indicators:

Moving Averages (MA): The 7-day MA is currently below the 25-day and 99-day MAs, indicating a short-term bearish trend. However, the overall trend remains bullish as the 25-day and 99-day MAs are still above the 7-day MA.

Relative Strength Index (RSI): The RSI is oversold, suggesting that a rebound is likely. A bounce off the oversold levels could signal a potential buying opportunity.

Bollinger Bands: The price is currently trading below the lower Bollinger Band, indicating a oversold condition. A bounce off the lower band could lead to a recovery.#ScrollOnBinance #XRPDonationsUSElections #UptoberBTC70K? #APTSurpassesSUI #Wrire2Earns