$SHIB $SHIB The $SHIB /USDT pair is currently trading at $0.00001734, down 3.29% in the last 24 hours. The overall trend appears to be bearish, with the price consolidating below the 24-hour high of $0.00001819.
Support and Resistance Levels
Resistance: The immediate resistance level is at the 24-hour high of $0.00001819. Breaking above this level could signal a potential bullish reversal.
Support: The immediate support level is at the 24-hour low of $0.00001698. If the price breaks below this level, it could lead to further downside movement.
Entry Signal
A potential entry signal could be a bearish candlestick pattern like a bearish engulfing candle or a shooting star at the current resistance level. This could indicate a potential reversal in the trend and a short-term bearish move.
Additional Considerations
Volatility: The 24-hour trading volume is 35.03M USDT, indicating moderate volatility in the market.
Moving Averages: The 7, 25, and 99-period moving averages are all below the current price, suggesting a bearish trend.#BinanceBlockchainWeek #USJoblessClaimsDip #BTC67KRebound #CryptoPreUSElection #Wtite2Earn