✅ 1. Current Price Zone
Current price: 0.00001390 USDT
Price is near the 0.786 Fibonacci retracement level (0.00001503) – a strong historical support zone.
📉 2. RSI (Relative Strength Index)
RSI (14): 39.18 – slightly oversold but not yet deeply oversold.
RSI is starting to curve upward, suggesting a potential short-term rebound if it crosses above the moving average line (currently at 42.90).
📊 3. MACD (Moving Average Convergence Divergence)
Histogram bars are shrinking, indicating selling momentum is weakening.
The MACD and Signal lines are getting closer to a potential bullish crossover in the coming weeks.
📈 4. Key Fibonacci Retracement Levels (from recent high):
0.5 Fib: 0.00002609 – medium-term resistance.
0.618 Fib: 0.00002153 – common take-profit zone.
0.786 Fib: 0.00001503 – current support level.
🚀 5. Fibonacci Extension Targets (if breakout occurs):
1.272 Extension: 0.00005975
1.618 Extension: 0.00007298
🔄 6. Candle Pattern
The current Heikin Ashi candle is green with a long lower wick, suggesting possible exhaustion of the downtrend and early signs of reversal.
🧭 Summary & Outlook
✅ SHIB is testing a strong support level and showing early signs of a potential bounce.
🔄 No clear breakout yet, but RSI and MACD are starting to shift bullish.
📉 If price breaks below 0.00001503 → next key support could be around 0.00001000.
📈 If support holds → upside targets are 0.00002153 → 0.00002609 in the short term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.