$SHIB Cooling After the Spike 🐕
SHIB is trading around $0.00000548, after spiking above $0.00000620 earlier this week during the broader risk-on rally.
Technical Snapshot:
• Support: $0.00000520 – $0.00000530
• Stronger support: $0.00000490 – $0.00000500
• Resistance: $0.00000580 – $0.00000600
• Momentum: Positive but cooling after the vertical move
The Setup:
SHIB joined the market-wide surge driven by Bitcoin’s breakout and improved liquidity. It broke higher from the $0.0000044–$0.0000048 range, hit a local high near $0.00000625, and is now consolidating.
Potential targets on this rally:
Near-term: $0.00000600 – $0.00000650 Stretch target if momentum returns: $0.00000700 – $0.00000750
As long as $0.00000520–$0.00000530 holds, the path of least resistance remains higher while the broader market stays risk-on.
#SHIB #shibaInu #MEME #crypto
SHIB is trading around $0.00000548, after spiking above $0.00000620 earlier this week during the broader risk-on rally.
Technical Snapshot:
• Support: $0.00000520 – $0.00000530
• Stronger support: $0.00000490 – $0.00000500
• Resistance: $0.00000580 – $0.00000600
• Momentum: Positive but cooling after the vertical move
The Setup:
SHIB joined the market-wide surge driven by Bitcoin’s breakout and improved liquidity. It broke higher from the $0.0000044–$0.0000048 range, hit a local high near $0.00000625, and is now consolidating.
Potential targets on this rally:
Near-term: $0.00000600 – $0.00000650 Stretch target if momentum returns: $0.00000700 – $0.00000750
As long as $0.00000520–$0.00000530 holds, the path of least resistance remains higher while the broader market stays risk-on.
#SHIB #shibaInu #MEME #crypto