Memecoin, which we will talk about in our article, has finally started to resist the long -standing downward trend. Shıb, which exhibited a 3 %rise in the last 24 hours, gave hope to investors. The harsh jump from the support of $ 0.00001230 is considered a very important signal in terms of technical terms. This level had been the point where the trend returns began before. Now the eyes can continue to resist short -term resistances and bulls.
Critical support was preserved in popular Memecoin Shıb!
When the daily graph is examined, it is seen that SHIB successfully recovered from strong support of $ 0.00001230. This level had been a return point many times in the past. With the last leap, SHIB is currently trading at $ 0.00001276 and the purchase appetite is increasing.
In particular, the RSI indicator rises to 47.8 levels and moves upward shows that bulls are becoming active in the market. RSI’s tendency indicates that the momentum can be strengthened if the price goes up even further. This structure suggests that a short -term trend return can be at the door.
If the resistors are exceeded, the rally may accelerate for memecoin
The price of SHIB is still under 50, 100 and 200 -day EMAs. Although this shows that the pressure continues in terms of technique, the bulls may have a serious advantage if the price increases above $ 0.00001382 (26 EMA). Exceeding this resistance can rapidly pave the way for the price to progress to $ 0.00001617 and then to $ 0.00001800 with psychological importance.
The critical condition for the continuation of this rise will be the increase in the transaction volume. Although a slight recovery is observed in the purchase volume with the last splash, it is well below the previous rally periods. In other words, for a sustainable rise, the volume must increase significantly in the coming sessions.
The trend can reversal: Are Shıb bulls ready for task?
Although the trend still seems to be downward, Shıb’s current technical structure points to a local recovery. In particular, the price movement at 26 EMA levels is very important in terms of seeing how the market will react to this area. If this resistance is exceeded with a strong volume, a wider rise process may begin for Shıb.
In order for the bulls to make this rise permanent, they need to turn not only technical resistances, but also their market sensitivity. If the general market conditions remain constant or follow a more positive course, SHIB can turn this leap into a long -term rally.
