$SHIB $SHIB
Analysis of SHIB/USDT Chart with Trade Scenario
Current Price: 0.00001730 USDT (+1.17%)
24-hour High: 0.00001738 USDT
24-hour Low: 0.00001681 USDT
24-hour Volume: 1.89T SHIB / 32.32M USDT
Trade Scenario:
- Bullish Case: If the price sustains above the 0.00001720 USDT resistance level, it could target the next resistance at 0.00001760 USDT and potentially 0.00001780 USDT.
- Bearish Case: If the price fails to hold above 0.00001720 USDT, it may retest the lower support of the ascending channel around 0.00001700 USDT.
Recommendation: Monitor the price action around the 0.00001720 USDT level for potential entry points. A sustained move above this level could provide a good buying opportunity with targets at 0.00001760 USDT and 0.00001780 USDT.
The image shows a trading chart for the SHIB/USDT pair on Binance, highlighting the current price, recent price action, and key resistance levels.
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