Shiba Inu Faces Critical Support at $0.0000080, Inverse Head and Shoulders Pattern Emerges
- Support Level Analysis: Shiba Inu's critical support level is at $0.0000080, which, if maintained, will help sustain the bullish argument; otherwise, it may lead the market to a defensive position.
- Technical Pattern Formation: The 4-hour chart shows an inverse head and shoulders pattern, indicating reduced selling pressure and a shift to optimistic market sentiment, with a potential price push to $0.00001050 if the $0.0000090 resistance is broken.
- Volume Changes: Shiba Inu's trading volume has decreased to $192.87M, down 40%, reflecting a cautious market during the consolidation phase, although open interest has slightly increased by 4.56, indicating traders are preparing for potential volatility.
- Market Sentiment: The current market is predominantly bullish, with long-to-short ratios showing moderate bullish sentiment, and long positions dominating most liquidations, suggesting the market is waiting for a breakout or breakdown opportunity.
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Technical Analysis for TST
Technical Sentiment Analysis for Test (TST) As of , Test (TST) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Test (TST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00431 | 0.00648 | 0.0087 | 0.0109 | 0.0131 | 0.0153 | 0.0175 |
| Fibonacci | 0.00648 | 0.00815 | 0.00919 | 0.0109 | 0.0125 | 0.0136 | 0.0153 |
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