• May 18, 2025, 9:28 am
• May 18, 2025, 8:28 am
• May 18, 2025, 6:56 am
Sunday, May 18, 2025
May 18, 2025 at 04:36AM Consolidation Before the Next Big Move?
Consolidation Before the Next Big Move?
SHIB / TetherUS BINANCE:SHIBUSDT
The price is sitting close to a support level at $0.00001405, which has held strong lately. The Relative Strength Index (RSI) sits at 57, showing decent buying pressure but not overbought yet, while the 50-period moving average at $0.00001430 acts as a floor beneath the price. If SHIB breaks above $0.00001500 with confidence, it could climb toward $0.00001600. But if it falls below $0.00001405, the next stop might be $0.00001320.
What’s Driving SHIB Right NowOn the news front, Shiba Inu’s ecosystem is buzzing, especially with Shibarium, its layer-2 network, hitting over one billion transactions recently. Despite this milestone, SHIB’s price hasn’t taken off, likely due to a cooling crypto market and some investors cashing out after a May rally. Big players (whales) are stacking SHIB, with noticeable token inflows, and the burn rate is picking up, which could make SHIB rarer over time.
Saturday, May 17, 2025
May 17, 2025 at 09:22AM Lingrid | SHIBUSDT long OPPORTUNITY after PULLBACK
Lingrid | SHIBUSDT long OPPORTUNITY after PULLBACK
SHIB / TetherUS BINANCE:SHIBUSDT
The price has perfectly fulfilled my previous forecast. 
SHIBUSDT saw a strong rally with an A-B-C structure and triangle breakout, leading to a fake breakout above the resistance zone. After the rejection at the red resistance line, the price pulled back to retest the ascending black trendline, which now aligns with the 0.00001382 level. A bounce here could push price back toward the 0.00001600 target if support holds.
📌 Key Levels
- Support: 0.00001382
- Intermediate Target: 0.00001600
- Resistance: 0.00001727
- Breakdown below the trendline could retest 0.00001230
- The blue downward trendline may act as short-term resistance
- Weak volume could invalidate the breakout attempt
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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