Shibsol narxiSHIB

$SHIB is forming a double-bottom on the 4H chart, bouncing off the 0.00000524–0.00000530 support zone. This region previously acted as a strong reaction area, and buyers are again attempting to defend it after the recent downtrend. The price has formed Bottom 1 and Bottom 2 near the same support level, indicating possible accumulation or a depletion of selling pressure. After the second bottom formed, #SHIB is starting to show a small reaction bounce. If this double-bottom holds, the price might try to hit around 0.00000555–0.00000565, where there was some short-term supply before. A stronger push could extend toward 0.00000580–0.00000590, the upper reaction zone marked in the chart. However, this structure still needs confirmation. If price fails to hold the 0.00000520 region, the support breaks and SHIB could extend lower toward 0.00000500 or new lows, as sellers would regain full control. Key levels to watch Support: 0.00000524–0.00000530 Bounce targets: 0.00000555 → 0.00000580 For now, this area is a reaction zone, and traders will watch whether buyers can build momentum from the double-bottom base. ➖➖➖➖➖ Follow Crypto Sat 🟨

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$SHIB /USDT Analysis Entry Zone: $0.00000550 – $0.00000565 Targets: $0.00000620, $0.00000680, $0.00000750 Stop Loss: $0.00000540 Analysis: SHIB is currently in a sustained bearish downtrend, trading at $0.00000568. The price remains suppressed below its primary moving averages, with the MA 7 ($0.00000558) providing temporary support, but the MA 25 ($0.00000572) and long-term MA 99 ($0.00000618) acting as heavy overhead resistance. The volume profile shows a lack of significant buying interest, as the asset continues to make lower highs following a steep decline from mid-February.

💥 Shiba Inu Futures Traders Turn Bearish as OI Falls 8% Shiba Inu's open interest has dropped by over 8% in the last 24 hours following a sudden shift in investor sentiment that saw the market flip bearish after a brief price breakout. As momentum continues to weaken, the sharp decline witnessed in the SHIB trading price earlier today has extended to its derivatives market, with futures traders increasingly closing active positions. As such, about 10.59 trillion SHIB tokens have been committed to its futures market over the period, marking a significant downturn from recent levels as sell pressure mounts. 🔸 Shiba Inu price flips negative Despite the recent breakout seen across the broad crypto market, Shiba Inu has suddenly flipped negative, with its price showing a notable decline over the last day. Notably, the negative trend seen in the SHIB derivatives market has extended to its trading price, which has declined by 5.28% over the last 24 hours. The asset is trading at $0.000005536 as of writing time, according to data from CoinMarketCap. With such a big price decline, crypto futures bets worth over $503 million have been liquidated in the last 24 hours. This marks a massive 84% increase over the period, with about $362 million of it being suffered by long traders who opened positions in anticipation of further price increases. Nonetheless, Coinbase traders showed the least interest as the looming U.S. tensions appear to have further cooled their optimism amid the broad market downturn. #SHIB | #ShibaInu | $SHIB