$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