SHIB/USDT Holding Key Support! | Ready for the Next Move?

29 thg 11, 2024

👋 Hey traders! I hope you’re doing great! Let’s dive into SHIB/USDT, which is showing exciting signs of strength.

SHIB/USDT has successfully flipped the **0.236 Fibonacci level ($0.0258)** into **support** 🔄. This key level now provides a solid foundation for further upside. With **volume spikes 📊** and bullish momentum indicators 🟢 in play, SHIB might be preparing for its next big move.

**MFI 💰** is at **63.88**, signaling strong buying pressure but leaving room for more gains. The **OBV 📈** continues to rise, reinforcing the bullish trend.

Key Levels to Watch:
- **Support**: $0.0258 (0.236 Fib) — a strong level for potential continuation.
- **Resistance**: $0.035 (0.382 Fib) — the next target if buyers push higher.

What to Watch:
- 🟢 **Bounce from Support**: Holding $0.0258 could lead to a rally toward $0.035.
- 🛑 **Break Below Support**: If $0.0258 fails, a retrace toward $0.0184 (0.786 Fib) could occur.

Takeaway:
SHIB/USDT is holding a crucial support zone at $0.0258. Will the bulls 🐂 take charge for a breakout, or will bears 🐻 step in for a pullback? Let me know your thoughts below! 💬

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