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$SHIB (Shiba Inu) Technical Analysis: Consolidating with Bullish Intent 🐕
Entry Zone: $0.00000585 – $0.00000595
Bullish Above: $0.00000605
Target 1 (TP1): $0.00000620
Target 2 (TP2): $0.00000650
Target 3 (TP3): $0.00000700+
Stop Loss (SL): $0.00000575
$SHIB is currently showing signs of healthy consolidation on the 4H chart, trading at $0.00000597 with a daily gain of +2.75%. The price action reveals a steady recovery from its 24h low of $0.00000581, as it attempts to break through the immediate resistance marked by the 24h high of $0.00000601. The formation of consistent support levels suggests that buyers are stepping in to absorb any selling pressure.
The 24h trading volume is significant at 865.22B SHIB, representing approximately $5.10M USDT in activity. This volume indicates a sustained interest in the meme sector. For a definitive bullish breakout, $SHIB needs to flip the $0.00000600 psychological barrier into support; failure to do so may lead to a brief retest of the $0.00000585 zone.
#SHİB #GateMarchTransparencyReport