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Been watching SHIB's technicals lately and there's definitely some mixed vibes going on. RSI sitting around 35 which means we're getting close to oversold territory, but MACD is still showing bearish momentum so it's not a clear buy signal just yet. The token's been consolidating for a bit, and a lot of traders seem to think there could be a move toward $0.0000085 if buying pressure starts to intensify meaning in bengali terms of momentum confirmation.
Looking at the broader picture, support's holding around $0.0000065 which is key. If that breaks, we could see things get worse pretty quick. On the flip side, if RSI breaks above 50 and volume picks up, the upside target around $0.0000085 is definitely in play - that's roughly a 25% move from current levels. Some analysts from late January were calling for that same target, so there's at least some confluence there.
Volume on spot trading is still decent despite the recent weakness, which is a decent sign. Honestly, the next week or two will probably tell us whether we're heading higher or if selling pressure's going to intensify and push things lower. I'd be watching for any RSI momentum above 40 as a potential confirmation signal. Not financial advice obviously, but the technicals suggest we're at an interesting spot right now.