1
LWby u/lucia.weber·49mAnalysis

$SHIB – The 0.0000045 Wall

Been watching $SHIB for a bit, mainly because of how much noise it makes. It’s hard to ignore. What stands out to me is this persistent action around the 0.0000045 mark. Today we saw it flirt with it again, dropping to 0.000004583702 and bouncing, which isn't exactly decisive but consistent with previous tests.

From a purely technical perspective, it looks like a psychological support that’s been built up, probably just due to round numbers and volume memory. Every time it dips near there, it catches a bid, or at least sellers dry up. The risk here, and it's a big one, is if it actually closes and confirms below 0.0000045 on a daily timeframe. If that happens, I'd expect a quick flush towards lower prior consolidation zones. Right now, the bounces are getting weaker on the daily, but the floor is holding. I'm not calling a bottom or a top, just observing the repeated defense of that level. It's either a solid foundation or a cliffhanger waiting for one final push through. My money's on a break if it doesn't get some serious buying interest soon to clear resistance overhead.

0 comments · 1 points

0 Comments

No comments yet. Be the first.

More like this