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Is This the Best Time to Buy SHIB in 2025?
- Shiba Inu (SHIB) price is facing a decline, approaching key support levels, sparking uncertainty among traders about a potential rebound or further drop.
- The 14-day RSI indicates that SHIB price is oversold at 24.71, potentially signaling a reversal may be imminent, historically seen with short-term rebounds.
- Support levels for SHIB include immediate support at $0.00001079, major support at $0.00000800, and a resistance zone between $0.00001250 to $0.00001400.
- A bullish trend reversal for SHIB would require a strong close above $0.00001250 to break the lower high pattern, aiming for a retest of the $0.00001400 range.
- The current momentum remains bearish with Heikin Ashi candles showing strong downward pressure and RSI below 30 without sustained buying interest.
- Potential scenarios for SHIB price include a bearish continuation if support at $0.00001079 is broken or a recovery towards $0.00001400 if RSI bounces back and surpasses 30.
- Short-term traders could benefit from a rebound above 30 on the RSI, offering a 20–30% upside move, while long-term buyers should remain cautious without confirmed trend reversal.
- Buying Shiba Inu (SHIB) on platforms like Bitget is advised for low fees, security, user-friendly interface, global access, and ongoing promotions to enhance trading experience.
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