Trend Line: The SHIB price is moving below a descending trend line. A breakout above this line could signal the beginning of an upward trend.
Support and Resistance: The price is currently testing the level around 0.025. A significant resistance level is visible around 0.070 and 0.100.
Indicators: The chart shows green and red arrows, which may indicate buy and sell signals. Given the last green signal, it suggests a potential price increase.
Trading Volume: Increased trading volume in the past indicates trader interest. If the volume increases during a price rise, it could confirm a bullish trend.
Prediction: If the SHIB price breaks above the descending trend line and successfully breaches the resistance level around 0.070, it is possible that it will continue to rise towards the value of 0.100. It will be crucial to monitor the breakout above the descending trend line and the price's reaction at the resistance levels.
Support and Resistance: The price is currently testing the level around 0.025. A significant resistance level is visible around 0.070 and 0.100.
Indicators: The chart shows green and red arrows, which may indicate buy and sell signals. Given the last green signal, it suggests a potential price increase.
Trading Volume: Increased trading volume in the past indicates trader interest. If the volume increases during a price rise, it could confirm a bullish trend.
Prediction: If the SHIB price breaks above the descending trend line and successfully breaches the resistance level around 0.070, it is possible that it will continue to rise towards the value of 0.100. It will be crucial to monitor the breakout above the descending trend line and the price's reaction at the resistance levels.