SHIB/USDT - Critical Support Zone - Reversal or Breakdown?SHIB/USDT on the 3-Day (3D) timeframe remains in a medium-to-long-term bearish structure. Since the previous peak, price has consistently formed lower highs and lower lows, confirming strong seller dominance. Currently, price is trading near a major historical support zone, making this area crucial for determining the next directional move.
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Pattern Explanation
Descending Trendline (Bearish Trendline)
The yellow diagonal line represents a well-respected descending trendline, connecting multiple lower highs. As long as price remains below this trendline, the overall market structure stays bearish.
Bearish Continuation Structure
Price action shows weak corrective rebounds, suggesting that every upside move is still being used as a selling opportunity.
Horizontal Key Levels (Supply & Demand Zones)
The horizontal yellow levels mark important historical supply and demand zones, where previous supports have now turned into resistances.
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Key Levels
Resistance Zones:
0.00001120
0.00001400
0.00001550
0.00002100
0.00002430
0.00003300 (Major Resistance / Previous High)
Support Zones:
0.00000840 (Current Minor Support)
0.00000678 (Major Low / Strong Demand Area)
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Bullish Scenario
Price holds firmly above the 0.00000678 – 0.00000840 support zone
Formation of a higher low on the 3D timeframe
A confirmed breakout and close above the descending trendline
Additional bullish confirmation if price reclaims 0.00001120
Bullish Targets (Step-by-Step):
0.00001120
0.00001400
0.00001550
0.00002100
This scenario would indicate a medium-term trend reversal, but strong volume confirmation is still required.
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Bearish Scenario
Price fails to hold above 0.00000678
Strong breakdown and candle close below the major support
Continuation of the lower-low structure
Bearish Targets:
0.00000510
0.00000425 (Extreme demand zone / potential capitulation area)
If this scenario plays out, SHIB may enter a bearish extension phase with sustained selling pressure.
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Conclusion
SHIB/USDT is currently trading at a critical decision zone.
As long as price remains below the descending trendline, the primary bias stays bearish.
However, this lower support region could also act as a long-term accumulation base if a valid structural breakout occurs.
Waiting for clear price action confirmation is highly recommended, especially on higher timeframes like 3D.
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