#比特币流动性 SHIB has experienced a pretty sharp correction recently, dropping 10.4% over seven days and nearly 19% over two weeks. It’s currently bouncing between 0.00000697 and 0.00000717, which seems like a bottom-finding phase.
From a technical perspective, the 0.00000635 USD level is a key support. If it breaks below that, the downside could be significant. Resistance above is at 0.00000755. Without a clear breakout above this level in the short term, further testing is likely.
The RSI indicator still has room to move downward, but once the blue line crosses above the orange line, a rebound signal will become clearer. The volume-weighted financing rate data shows that currently, the bearish sentiment is dominant, and the market is quite bearish. However, this is also something to watch—historically, extreme panic often becomes the starting point for a rebound.
For short-term trading, patience is recommended. Focus on whether the support holds and look for reversal signals in RSI. Combining these two aspects will give a clearer picture.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#比特币流动性 SHIB has experienced a pretty sharp correction recently, dropping 10.4% over seven days and nearly 19% over two weeks. It’s currently bouncing between 0.00000697 and 0.00000717, which seems like a bottom-finding phase.
From a technical perspective, the 0.00000635 USD level is a key support. If it breaks below that, the downside could be significant. Resistance above is at 0.00000755. Without a clear breakout above this level in the short term, further testing is likely.
The RSI indicator still has room to move downward, but once the blue line crosses above the orange line, a rebound signal will become clearer. The volume-weighted financing rate data shows that currently, the bearish sentiment is dominant, and the market is quite bearish. However, this is also something to watch—historically, extreme panic often becomes the starting point for a rebound.
For short-term trading, patience is recommended. Focus on whether the support holds and look for reversal signals in RSI. Combining these two aspects will give a clearer picture.