$SHIB /USDT Technical Analysis Report

Current Price: $0.00001756

24h Change: -1.35%

Volume (SHIB): 2.22T

Volume (USDT): $39.05M

24h High: $0.00001797

24h Low: $0.00001706

Market Overview

Shiba Inu ($SHIB ) is trading at $0.00001756, recovering slightly with a minor +0.06% gain. The price is currently range-bound, fluctuating between $0.00001706 (24h low) and $0.00001797 (24h high). Overall, SHIB is experiencing low volatility with the potential for a breakout.

Key Levels to Watch

Support Levels:

Immediate Support: $0.00001740 – This level has seen multiple retests, providing a short-term floor for the price.

Critical Support: $0.00001706 – The 24h low and a key demand zone. A break below this level could signal further downside.

Resistance Levels:

Immediate Resistance: $0.00001780 – There is resistance near this level, where sellers have emerged in recent price action.

Key Resistance: $0.00001797 – The 24h high and a significant resistance level. A breakout above this level could lead to further bullish momentum.

Long Trade Setup

Entry: $0.00001750 to $0.00001760 (current price zone)

Target: $0.00001797 (24h high)

Stop Loss: Below $0.00001740

Short Trade Setup

Entry: $0.00001790 to $0.00001800 (near the 24h high)

Target: $0.00001740 (support zone)

Stop Loss: Above $0.00001810