SHIB

SHIBUSDT Trade Setup: Target 1: 0.00001335 (0.786 Fibonnaci Golden Zone). Target 2: 0.00001391 (0.618 Fibonnaci Golden Zone). Target 3: 0.00001430 (0.5 Fibonnaci Golden Zone). Target 4: 0.00001597 (0 Fibonnaci). Stop Loss: 0.00001172 (1.272 Fibonnaci). RSI Analysis: The RSI is showing a bullish divergence, suggesting potential bullish momentum. The current RSI is around 24.02, approaching oversold territory, so caution is advised.

Shiba is showing some signs of recovery, where we are seeing the buyers taking back the control near the local support zone, which would then lead to a 10% movement to upper zones (if not more). So we look for more clarity and dominance from buyers here and once we see it, we are going to go long. Swallow Academy

At the time of writing, SHIBUSDT is trading at $0.00001297 , having lost 16% over the past week. The meme coin has wiped out more than half of the gains it saw in July. This decline places SHIB in a vulnerable position, with the potential to continue its downward trajectory. The relative strength index (RSI) has also seen a significant shift, slipping into the bearish zone below the neutral mark of 50.0. This suggests that bearish momentum is building and could continue to strengthen, driving SHIBUSDT price lower . Given the current market sentiment, it’s likely that SHIBUSDT will experience further declines in August . The altcoin could test the support level at $0.00001252, pushing its price even lower. If this support fails to hold, a more significant drop could occur, leading to further challenges for Shiba Inu . However, if investor demand suddenly spikes, there could be a chance for SHIBUSDT to recover . A price push towards $0.00001435 would be a significant milestone for the meme coin. If SHIB manages to break this resistance level, it could potentially rewrite its history by posting gains in August . -------- Aaryamann Shrivastava (On-Chain Analyst) LinkedIn - aaryamann-shrivastava Twitter - @Aaryamann_KS

📊 Technical Analysis ● A classic Head and Shoulders pattern has formed below resistance at 0.00001411, confirming a bearish reversal with neckline break. ● Price is descending inside a bearish flag and is testing prior support at 0.00001270, with the next major level near 0.00001088. 💡 Fundamental Analysis ● Risk sentiment weakened after latest FOMC minutes signaled persistent inflation risk, fueling a defensive tilt in crypto. ● Whale outflows from SHIB wallets and declining DEX volumes suggest bearish positioning and fading demand. ✨ Summary Bearish reversal confirmed below 0.00001411. Break of 0.00001270 opens path to 0.00001088. Watch neckline retests for renewed selling pressure. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!

Two weekly supports which are 0.000010$ & 0.000007$ are strong enough to hold price like past years and i think soon those weekly +100% candles will surprise us here on SHIBUSDT too. all major supports and resistances are all also mentioned on the chart too. DISCLAIMER: ((trade based on your own decision)) <

At the time of writing, SHIBUSDT price is $0.00001407, sitting just below the resistance level of $0.00001435. The altcoin has been facing mixed signals, with both bearish and bullish factors playing a role in its price action. The key resistance level of $0.00001435 needs to be broken for a potential recovery. The liquidation map shows a fascinating development: if SHIBUSDT recovers the 10% losses it has sustained by reaching $0.00001553, it could trigger over $52 million worth of short liquidations . Short sellers have been betting on a decline, but if SHIB rebounds, these traders will face considerable losses. If SHIBUSDT continues to hover within the consolidation range of $0.00001435 and $0.00001317 , traders will remain safe from liquidation risks. This sideways movement will keep the altcoin within a neutral zone, avoiding drastic price changes in the immediate term. However, if SHIBUSDT price manages to break the resistance at $0.00001435 and flips it into support, SHIB could potentially climb back to $0.00001553. This would mark a 10% recovery , invalidating the current bearish sentiment and shifting the outlook to a more optimistic tone.

SHIBA INU 2H Chart Analysis: Price is consolidating near resistance at 0.00001402. A potential bearish scenario is outlined, suggesting a drop after a minor bounce, targeting 0.00001299 support. Key resistance levels are 0.00001405 and 0.00001432.

SHIBA INU (SHIB/USDT) 1H chart shows a potential rounded top pattern, indicating possible downside. Key resistance at 0.00001410. Breakdown may target 0.00001326 (First Target) and 0.00001268 (Second Target).

SHIB/USDT is currently trading around $0.00001363, marking an approximately 11.5% drop over the past 24 hours. However, it's crucial to note that the price is successfully holding above the key support level of $0.00001373. Recently, we've witnessed a significant increase in the activity of so-called "large holders" or "whales" concerning SHIB/USDT. Their netflow has reached a two-month high, signaling heightened interest. In the past 24 hours, addresses holding at least 0.1% of the total SHIB supply accumulated an impressive 4.66 trillion SHIB, representing an investment of a staggering $63.7 million. These major players clearly believe in the potential for a price recovery. What's Next? Scenarios for SHIB/USDT Bullish Scenario (Uptrend): Should SHIB/USDT successfully bounce off the support level at $0.00001317, it would likely pave the way for further price appreciation. It could potentially reach $0.00001423. If this level solidifies as new support, it would mark a full recovery of today's losses and could initiate a new uptrend, provided that broader market conditions remain favorable. The investment by the whales would be crucial in this scenario. Bearish Scenario (Downtrend): However, if SHIB/USDT fails to hold above the support of $0.00001317 and falls below this level (likely due to profit-taking by other market participants), the popular "meme coin" could slip to $0.00001188. Such a development would invalidate the bullish thesis and further reduce investor confidence. The next few days will be critical for SHIB to demonstrate whether it can maintain its current support levels. #forex #SHIB #USDT #SwingTrade

SHIBUSDT price is currently trading at $0.00001353, down 11.5% over the past 24 hours . The altcoin is holding above the support level of $0.00001368. The large holders' netflow for SHIBUSDT has recently spiked, reaching a two-month high. In the last 24 hours, 4.66 trillion SHIB were accumulated by addresses holding at least 0.1% of the circulating supply. These whales, who have collectively invested $63.7 million , are betting on a price rebound. A successful bounce off $0.00001317 would likely pave the way for further price appreciation, potentially pushing SHIBUSDT to $0.00001553 . Securing this level as support could mark a recovery of today’s losses and initiate a new uptrend, provided the broader market conditions remain favorable. On the other hand, if SHIBUSDT falls below the support of $0.00001317 due to profit-taking, the meme coin could slip to $0.00001188 . This would invalidate the bullish thesis and further reduce investor confidence. The next few days will be crucial in determining if SHIB can maintain its current support levels .