SHIB 4HR Chart Outlook#SHIB is trading inside a clear 4H falling wedge after rejecting from the recent local highs. Price is currently hovering near 0.00000600, pressing right against the lower wedge boundary.
The key support sits around 0.00000590. This is the level holding the structure together. As long as 590 holds, a short-term bounce toward 0.00000640–0.00000660 remains possible inside the wedge.
However, a clean 4H close below 0.00000590 shifts momentum clearly bearish. That likely exposes 0.00000540 first, followed by the previous ATL region near 0.00000510.
If 510 fails to hold, the structure opens into price discovery on the downside. That’s where acceleration can happen. In an extended bearish continuation, deeper liquidity could sit around 0.00000400–0.00000300.
Right now, this is a make-or-break zone.
590 = structural support.
Break it, and expansion risk increases fast.
Volatility is about to expand.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.