Recently, I have been paying attention to SHIB's market performance and found its community sentiment changes quite interesting. Having experienced a 5,000% liquidation imbalance shock, the price was able to rebound, and this resilience is worth pondering.
From a technical perspective, the current quote is around $0.000007, with an RSI indicator showing a level of 49.8, indicating a neutral to slightly weak zone. The support level remains steady at $0.000007, while the resistance level above is at $0.000008. Breaking through this resistance could open up considerable upside potential.
My observation is that the market is brewing at this stage. In the long term, community enthusiasm and market sentiment are often the drivers of short-term trends. However, volatility still exists at the moment, so I will adopt a medium position strategy rather than an aggressive bet. The stop-loss is set below $0.000065 to leave room for maneuver, with the target pointing to the $0.000008 level. Only if this level is effectively broken can we talk about the subsequent upside potential.
Overall, SHIB is currently in an observation phase, with opportunities and risks coexisting. What do you all think about this price level and the future trend? Feel free to share your thoughts.
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MEVSandwichVictim
· 4h ago
Moderate position, steady and cautious. But with SHIB, you have to watch community sentiment. To put it simply, it's a gamble on popularity.
Honestly, breaking or not breaking 0.000008 is really a hurdle.
Another 5000% liquidation? This coin is too crazy. I'll stay on the sidelines.
RSI approaching 50 means hesitation. No wonder you're hesitant.
SHIB will either explode or fade into silence; there's no middle ground.
Such a low stop-loss, still afraid of being pierced.
The phrase "community hype determines the trend" hits the mark. That's how virtual currencies are.
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liquidation_watcher
· 11h ago
To be honest, SHIB's recent rebound is somewhat impressive, but I still can't be too optimistic.
A moderate position is quite stable; I'm just worried about another sudden crash.
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MeaninglessApe
· 11h ago
Hmm... SHIB is indeed interesting this time, but I still think we should wait for a breakout before making any moves.
Actually, there's a lot of community hype involved. Once you do a KYC and see the actual holdings, you'll understand.
RSI49.8 is just messing around; it has little reference value.
I bet it won't break below 0.000008; waiting for a downward move.
People who set such high stop-losses will regret it later. Watching closely.
Community sentiment? All just FOMO players creating a bubble.
Holding a medium position is smart; the big brother is becoming more cautious.
I pass at this price level; looking for more certainty.
I'll buy in on the day it breaks out; buying now would just be throwing money away.
Those trying to bottom fish are still in the water; don't follow the trend.
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DataChief
· 11h ago
Shib's recent rebound is indeed fierce. Surviving a 5000% squeeze is quite impressive... But to be honest, let's wait and see for now.
Wait until it breaks above 0.000008 before entering. Jumping in now is a bit hasty. Who knows how long the community enthusiasm can last?
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DuskSurfer
· 12h ago
Damn, it's SHIB again... This coin is just an emotion coin. The community hype up and then hype down, causing chaos and then cutting losses.
I've already sold early; watching it is exhausting.
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quiet_lurker
· 12h ago
Shib's resilience has definitely held up this time, but I think it's still a waiting-and-seeing phase now; there's no need to be too aggressive.
Recently, I have been paying attention to SHIB's market performance and found its community sentiment changes quite interesting. Having experienced a 5,000% liquidation imbalance shock, the price was able to rebound, and this resilience is worth pondering.
From a technical perspective, the current quote is around $0.000007, with an RSI indicator showing a level of 49.8, indicating a neutral to slightly weak zone. The support level remains steady at $0.000007, while the resistance level above is at $0.000008. Breaking through this resistance could open up considerable upside potential.
My observation is that the market is brewing at this stage. In the long term, community enthusiasm and market sentiment are often the drivers of short-term trends. However, volatility still exists at the moment, so I will adopt a medium position strategy rather than an aggressive bet. The stop-loss is set below $0.000065 to leave room for maneuver, with the target pointing to the $0.000008 level. Only if this level is effectively broken can we talk about the subsequent upside potential.
Overall, SHIB is currently in an observation phase, with opportunities and risks coexisting. What do you all think about this price level and the future trend? Feel free to share your thoughts.