Technical analysis by Bicoinmoney about Symbol SHIB: Buy recommendation (4/3/2025)

🔍 1. Price TrendSHIB is currently trading inside a descending channel, capped by a major downward trendline (black line).Price is approaching a strong support zone around 0.00001150 – 0.00001200, aligning with the 0.786 Fibonacci level (0.00001503) — a common area for bullish reversals.📊 2. Technical Indicators✅ RSI (Relative Strength Index)RSI is at 34.17, close to the oversold zone (30).Slight bullish divergence between RSI and price suggests a potential upcoming bounce.✅ MACDMACD line is starting to cross above the signal line from below → bullish crossover.Momentum is still weak, but this is often an early sign of trend reversal.✅ WTO (Wave Trend Oscillator)WTO is curving upwards, and green histogram bars are forming.This signals early buy pressure and potential for an upside move.✅ Cluster AlgoThe main line is turning up from the lower band.The appearance of green dots under the oscillator suggests early accumulation and a possible trend reversal.☁️ Ichimoku CloudPrice is trading below the Kumo cloud, meaning the overall trend is bearish.However, the cloud is thin ahead → potential breakout zone if buyers step in.🔢 Fibonacci Retracement (from top to bottom)Key resistance levels:0.786: 0.00001503 (close to current price, possible bounce)0.618: 0.00002153 (major resistance)0.5: 0.00002609 (midpoint target)These levels act as potential resistance targets if price begins to recover.🧠 Summary TableFactor SignalPrice TrendBearish (within downtrend channel)RSI Near oversold, bullish divergenceMACD Bullish crossover, early momentumWTO Upward signal, green bars formingCluster AlgoGreen signals appearing, bullish leanIchimoku Still bearish but near breakout areaFibonacci Near 0.786 support – reversal potential🎯 Suggested Scenarios:Short-term: Possible technical bounce toward 0.000015 – 0.000017 range.Mid-term: If SHIB breaks the descending channel, targets may extend to 0.0000215 (Fibo 0.618) and 0.000026 (Fibo 0.5).Long-term: A proper reversal needs confirmation via breakout above the Ichimoku cloud and trendline resistance.