Technical analysis by Madoir about Symbol SHIB on 9/18/2025

SHIBUSDT Market Update: After a significant downtrend and following a descending trendline on the daily timeframe, SHIB finally broke out and saw an impressive pump. However, I now anticipate a potential correction from the current level (the red box) down towards the green box. I expect to see strong support in that area, which could then lead to the next bullish leg higher.The price broke its support level, and a small pullback is expected on a lower timeframe. However, we haven't reached the target point yet, although profits are secured. But the more important question is whether we will see an upward move for a long position once we reach the main support.