🔥 $SHIB DEFENDING THE MACRO STRUCTURE ON THE DAILY CHART! HEALTHY PULLBACK OR PAUSE BEFORE THE NEXT SURGE? 🚀⚡
Attention to Shiba Inu’s 1-day (1D) chart! After recovering from a low of $0.00000406 to reach a high of $0.00000627, $SHIB enters a consolidation phase, trading at $0.00000577 (-2.20%).
What does the daily technical structure reveal?
🐕 Support bunker at the EMA 25: The price is holding firm above the EMA 25 ($0.00000566), respecting the medium-term trend, while the EMA 99 ($0.00000528) acts as underlying support.
🐕 Immediate ceiling: The bulls face short-term resistance at the EMA 7 ($0.00000581). Breaking through this zone would open the way to test the 24-hour high of $0.00000593 and challenge the $0.00000627 area again.
🐕 Indicators are cooling off: The stochastic KDJ shows J at 61.80, flushing out the previous overbought conditions without losing the bullish structure on the higher time frame.
📊 Volume movement: More than 3.63M USDT (620.12 trillion SHIB) traded over the past 24 hours, keeping liquidity active within the range.
Will you use this pause above the EMA 25 to accumulate, or wait for a breakout above $0.00000593? 👇
$SHIB #ShibaInu #BinanceSquare #Memecoins #CryptoTrading #TechnicalAnalysis
Attention to Shiba Inu’s 1-day (1D) chart! After recovering from a low of $0.00000406 to reach a high of $0.00000627, $SHIB enters a consolidation phase, trading at $0.00000577 (-2.20%).
What does the daily technical structure reveal?
🐕 Support bunker at the EMA 25: The price is holding firm above the EMA 25 ($0.00000566), respecting the medium-term trend, while the EMA 99 ($0.00000528) acts as underlying support.
🐕 Immediate ceiling: The bulls face short-term resistance at the EMA 7 ($0.00000581). Breaking through this zone would open the way to test the 24-hour high of $0.00000593 and challenge the $0.00000627 area again.
🐕 Indicators are cooling off: The stochastic KDJ shows J at 61.80, flushing out the previous overbought conditions without losing the bullish structure on the higher time frame.
📊 Volume movement: More than 3.63M USDT (620.12 trillion SHIB) traded over the past 24 hours, keeping liquidity active within the range.
Will you use this pause above the EMA 25 to accumulate, or wait for a breakout above $0.00000593? 👇
$SHIB #ShibaInu #BinanceSquare #Memecoins #CryptoTrading #TechnicalAnalysis