$1000SHIB /USDT Perpetual Shows Stabilization After Short-Term Recovery
#1000SHIB /USDT Perpetual is currently trading around 0.00628 after a notable short-term recovery from the recent low near 0.00506. Price action on the 1-hour timeframe reflects a controlled bullish rebound, followed by consolidation just above the Bollinger Band middle line, which is positioned around 0.00623. This behavior suggests the market is digesting recent gains rather than entering immediate distribution. The upper Bollinger Band near 0.00644 continues to act as short-term resistance, while the lower band around 0.00603 provides dynamic support.
Momentum indicators remain constructive. The RSI(6) is hovering close to 58, indicating bullish momentum without entering overbought territory. This level often reflects healthy continuation potential if volume support remains stable. The structure shows higher lows forming after the sharp sell-off, signaling that buyers are gradually regaining control and defending dips.
Volume data confirms active participation, with strong 24-hour trading activity suggesting sustained interest in the pair. However, the inability to decisively break above the recent high near 0.00641 highlights hesitation among buyers at higher levels. A clean break and hold above this zone could open the door for continuation toward the upper volatility range.
On the downside, failure to hold above the middle Bollinger Band may invite a retest of the 0.00600–0.00590 support region. Overall, the market remains in a short-term recovery phase with neutral-to-bullish bias, favoring range-based trading until a clear directional breakout occurs.
#WarshFedPolicyOutlook #WarshFedPolicyOutlook #WarshFedPolicyOutlook