🐕 SHIB/USDT: Is the Bottom In or Are We Testing Deeper Support?
Looking at the 15m chart, $SHIB is currently showing some signs of life after a period of intense selling pressure. We are sitting at 0.00000597, up about +1.53% for the day, but the road ahead remains a battle between bulls and bears.
📊 Technical Breakdown:
Support & Resistance: The price recently bounced off a local bottom near 0.00000593. To confirm a true recovery, we need to see a solid break above the 0.00000600 psychological barrier and hold it.
The Williams %R (200): Currently sitting at -50.00, indicating we are in "neutral" territory—neither overbought nor deeply oversold at this exact moment. This suggests a period of consolidation (sideways movement) before the next major move.
Sentiment Check: While the 7-day view is slightly green (+1.01%), the long-term trend (180-day and 1-year) shows SHIB is down over 50-60%. This indicates we are in a long-term accumulation zone for those who believe in the ecosystem's future.
🚀 What to Watch:
Shibarium Upgrades: With the recently announced Q2 2026 Privacy Upgrade (FHE), long-term holders are looking for fundamental utility to drive the next leg up.
Market Liquidity: Notice the 60.34% Buy vs. 39.66% Sell ratio in the order book. There is significant buying interest at these lower levels!
Macro Factors: Keep an eye on today's CPI data release; volatility in the broader market will likely spill over into SHIB.
Bottom Line: SHIB is showing resilience at the 0.00000590 level. If we can flip 0.00000615 into support, we could see a quick rally toward the 0.00000650 range.
Are you Accumulating or Waiting for a deeper dip? Let’s discuss below! 👇
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