2026-01-01 19:20:38

【SHIB Technical Analysis: Community Buzz and Price Rise Together】

The early trading session is once again active. SHIB's current trading price is $0.000007, with a clear upward momentum. The relative strength index (RSI) has risen to the 63.4 range—this indicates that market participation is rapidly increasing.

The market atmosphere has indeed been hot these past two days. Community discussion volume has surged, participant sentiment is high, and various discussions are spreading quickly on the chain, demonstrating that the Dogecoin community's cohesion remains strong. This kind of heat often drives short-term price fluctuations.

From a technical perspective, the current support level is at $0.000007, while both resistance and breakout levels point to $0.000008. Whether this range is broken will directly determine the subsequent trend. Many traders' strategies involve entering positions around $0.000007 in stages, managing risk by controlling individual positions—after all, high-volatility assets require caution.

Monitoring the market overnight is challenging; opportunities and traps often coexist. Staying rational and practicing good risk management are always prerequisites for long-term participation.

**Disclaimer**: This content is for market observation sharing only and does not constitute any investment advice.

SHIB7.3%

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MentalWealthHarvester

· 4h ago

Shib's community hype is indeed at its peak this wave, but RSI 63 isn't particularly high either. Don't get caught in a squeeze. If it breaks 0.000008, it's bullish; if not, it's still in a narrow range. Staying up late to watch the market is really exhausting, feels like gambling. This kind of hype comes quickly and goes just as fast. Be careful chasing highs. Entering in batches is fine, but don't get carried away, brother.

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degenwhisperer

· 5h ago

It's another early morning and watching the market. I'm really kept awake by SHIB's fluctuations. 0.000008 breakthrough and everyone cheers, if it can't break through, let's continue sleeping, everyone. No matter how hot the community is, it can't withstand the sell-off. We'll keep an eye on it.

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OnchainHolmes

· 5h ago

Same old story, RSI 63.4 is called an increase in popularity? From what I see on the chart, it's still the same trading volume, community popularity /= real money, brother.

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IfIWereOnChain

· 5h ago

0.000008 If it can't break through, it's still just harvesting the leeks. Community enthusiasm can change in an instant.

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CoconutWaterBoy

· 5h ago

Here comes another crappy article trying to cut the leeks... RSI 63.4 and you're excited? Looks more like a rebound trap to me. --- 0.000008 can't break through and continues to fall. How long can the community's enthusiasm last this time? --- Active in the early morning? Haha, it's all robots confirming each other's biases. --- Splitting entries to manage risk? Sounds good, but in reality, it's just losing more and adding back. --- Dogecoin community cohesion? I think it's more about banding together for warmth. --- Support levels are useless; a big bearish candle breaks through everything. --- I'm asking, with RSI so high, can you still chase? Always the same rhetoric every day. --- Monitoring the market at night is indeed difficult; my wallet is even more vulnerable.

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