Technical analysis by Bicoinmoney about Symbol SHIB: Buy recommendation (3/27/2025)

✅ 1. Current Price ZoneCurrent price: 0.00001390 USDTPrice 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: 0.000059751.618 Extension: 0.00007298🔄 6. Candle PatternThe 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.