Thesis
$SHIB is bullish while $0.00000620–$0.00000625 holds.
Why It Matters Now
Shibarium crossed 1B transactions and SHIB added 24k wallets in one week. That gives the move a real catalyst, not just meme rotation.
15m / 4h Chart Read
4h price is near $0.00000631, RSI is 55.9, MA7 is $0.00000630, MA30 is $0.00000620, and MA200 is $0.00000603. The 15m chart is pulling back after the spike, but still sits above the bigger reclaim zone.
Trade Plan
Bias: Long
Entry: $0.00000625–$0.00000631
SL: below $0.00000620
TP1: $0.00000636
TP2: $0.00000639
TP3: $0.00000656
Reason: reclaim held above 4h MA30.
Invalidation: loss of $0.00000620 kills the squeeze.
Positioning Read
The headline is bullish, but the contrarian line is simple: this is less clean demand than late shorts being forced out.
Final Bias
Bullish above $0.00000620.