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Thursday, March 27, 2025

March 27, 2025 at 10:01AM SHIB/USDT starting bullish

SHIB/USDT starting bullish

SHIB / TetherUS BINANCE:SHIBUSDT


✅ 1. Current Price Zone
Current price: 0.00001390 USDT

Price is near the 0.786 Fibonacci retracement level (0.00001503) – a strong historical support zone.

📉 2. RSI (Relative Strength Index)
RSI (14): 39.18 – slightly oversold but not yet deeply oversold.

RSI is starting to curve upward, suggesting a potential short-term rebound if it crosses above the moving average line (currently at 42.90).

📊 3. MACD (Moving Average Convergence Divergence)
Histogram bars are shrinking, indicating selling momentum is weakening.

The MACD and Signal lines are getting closer to a potential bullish crossover in the coming weeks.

📈 4. Key Fibonacci Retracement Levels (from recent high):
0.5 Fib: 0.00002609 – medium-term resistance.

0.618 Fib: 0.00002153 – common take-profit zone.

0.786 Fib: 0.00001503 – current support level.

🚀 5. Fibonacci Extension Targets (if breakout occurs):
1.272 Extension: 0.00005975

1.618 Extension: 0.00007298

🔄 6. Candle Pattern
The current Heikin Ashi candle is green with a long lower wick, suggesting possible exhaustion of the downtrend and early signs of reversal.

🧭 Summary & Outlook
✅ SHIB is testing a strong support level and showing early signs of a potential bounce.

🔄 No clear breakout yet, but RSI and MACD are starting to shift bullish.

📉 If price breaks below 0.00001503 → next key support could be around 0.00001000.

📈 If support holds → upside targets are 0.00002153 → 0.00002609 in the short term.


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