Let’s see how SHIB is behaving.
This is a 4H chart. (Mid Term)

SHIB is consolidating, and it’s still in the downtrend.
There are three layers of resistance on the way up, and if you’re holding and wondering where this downtrend can end, the last level of resistance can be a game-changer for this coin.

Support levels: $0.00002227
Resistance Area: $0.00002554

Bollinger Bands can work as support and resistance too. Here is an example:

The market is showing NEUTRAL volumes for SHIB.

Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.

The Upper Bollinger Band can push down the value, and the Middle band pushes the price up.

If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.

The RSI shows that SHIB is above the 50 levels, the center.

If you want to know how the RSI indicator works, take a look at this Educational Idea. It’ll help you have better readings:

Current Market Price: $0.00002371

Let me know your ideas.

Good luck.