$SHIB USDT price alert 🚨
$SHIB recently hit a high of 0.00001990 and has since pulled back to around 0.00001847. This suggests some selling pressure after the recent rally, and the price might be entering a consolidation phase or preparing for a reversal.
*The RSI (Relative Strength Index) is at 47, indicating neither overbought nor oversold conditions. This suggests neutral momentum, and it could swing in either direction depending on buying or selling pressure. If RSI drops towards 30, it could indicate oversold conditions, hinting at a possible bounce.
*Moving Averages: The 5-period moving average is below the 10-period moving average, suggesting short-term bearish momentum. If the price moves above the 5 and 10 MA levels, it could signal a bullish reversal.Support and Resistance: The support is around 0.00001619, and resistance is near the recent high of 0.00001990. Watch for price movement towards either level for potential breakout or bounce signals.Prediction:
*Bullish Scenario: If $SHIB finds support around 0.00001825 or breaks above 0.00001900, it could continue its uptrend towards recent highs.
*Bearish Scenario: If the price falls below 0.00001800, it may target lower supports around 0.00001736 or even 0.00001619.Consider keeping an eye on RSI and MA crossovers for better timing on trades
