SHIB is maintaining a short-term upward trend if the price stays above EMA20 and SMA50, with RSI holding above the 55–60 level indicating strong buying pressure. The nearest support area lies around the recent low, while the key resistance is the recent peak or the Fibonacci level of 0.618 from the previous downtrend. MACD crossing above the signal line confirms the buy signal, but volume needs to be monitored: an increase along with green candles will reinforce the trend. If the price breaks below EMA20 with RSI under 45, the risk of a correction will be high, targeting a drop back to previous support. Manage risk tightly and set a stop loss below the strong support area.
