Shiba Inu (SHIB) is currently hovering around $0.00001487. Over the last 24 hours, SHIB has shown a slight increase of 0.1%, indicating possible consolidation after recent volatility.
Key Support and Resistance Levels
On the 15-minute chart, support levels are $0.00001369 and $0.00001269, with resistance levels at $0.00001531 and $0.00001955. On the 1-hour chart, support levels are $0.00001299 and $0.00001248, while resistance is at $0.00001386. The 4-hour analysis highlights major resistance at $0.000015 and support at $0.000012.
Detailed Time Frame Analysis
The 15-minute chart shows minor fluctuations with resistance at $0.00001531, aligning with a 0.618 Fibonacci retracement level, potentially driving movement towards $0.00001955. If unmet, support at $0.00001369 is critical. The 1-hour chart presents tested resistance at $0.00001386, possibly indicating an upward trend. The 4-hour chart underscores $0.000015 as a significant hurdle for bulls.
Next Move Predictions
Considering the current trend, SHIB is near its short-term resistance. A breakout above $0.00001531 may trigger a rally towards $0.00001955. If resistance holds, a decline to $0.00001299 or even $0.000012 is likely.
Shiba Inu continues to trade within a narrow range of key levels, with traders anticipating a significant move. Close monitoring of volume trends and market sentiment will aid in predicting further developments.
