From TradingView · · 30s
SHIBUSDT Support Rally?
Will SHIBUSDT's support hold to trigger a rally?
In brief
Will SHIBUSDT's support hold to trigger a rally? SHIBUSDT may rally if it holds above $0.00000470, $0.00000480 support. Originally reported by TradingView.
SHIBUSDT Support Zone
SHIBUSDT holds above $0.00000470, $0.00000480 support zone.
Bullish Structure
Potential inverse head-and-shoulders formation with repeated support defenses.
RSI Momentum
RSI holds above neutral 50 level suggesting buying pressure strengthening.
Critical Invalidation
Confirmed close below $0.00000435 invalidates bullish scenario.
Potential Rally Target
Breakout above $0.00000630 could reach $0.00000670 resistance.
The takeaway
SHIBUSDT may rally if it holds above $0.00000470, $0.00000480 support.
