SHIB/USDT Technical Analysis ( 10x Potential or Not ?

SHIB/USDT Technical Analysis SHIB

Chart Analysis:
SHIB is attempting to break the resistance line, but the breakout has not been confirmed yet. 50 EMA has experienced a breakout, but it is still trying to close above the 50 EMA.

Key Levels:
Strong Support: $0.00000770
Resistance: $0.00000900

Potential Upside:
If breaks the $0.00000900 resistance level, we may witness an upward rally.
However, a retracement of 20-40% could be expected before the potential rally.

10x Potential in Next Bull Run:
While SHIB may offer significant gains, it's crucial to exercise caution. Meme coins like SHIB are known for their speculative nature and high volatility. Never go all-in on such coins, especially for long-term holdings.

Risk Warning:
Meme coins are considered "Zero to Hero" coins, characterized by extreme price swings. Always do your own research and diversify your investment portfolio to mitigate risks.