Technical Analysis: SHIB/USDT

As we analyze the SHIB/USDT pair, we observe a recent upward momentum, currently trading at 0.00001908. The price has shown a positive trend, gaining 3.75% in the last 24 hours. Here are three target levels to watch for potential trading opportunities:

Target Levels:

🎯 Target 1: 0.00001920

This level acts as a short-term resistance. A break above this point could signal further upward momentum.

🎯 Target 2: 0.00001950

The next psychological resistance lies here. If momentum continues, this level could be tested, providing a solid entry point for bullish traders.

🎯 Target 3: 0.00002000

This key resistance zone represents a significant milestone. A strong rally past this level would indicate robust buying pressure and may attract additional investors.

Current Support Levels:

Support 1: 0.00001880

Support 2: 0.00001840

Conclusion: With strong buying interest evident in the recent price action, traders should monitor these target levels closely. Keep an eye on market volume and external news that could impact price movement.