The Trust Layer for Market Analysts

The analysis examines SHIBUSDT and LUNCUSDT, referencing accumulation ranges and potential bearish scenarios influenced by Bitcoin's market conditions. SHIBUSDT is currently sitting on the bottom of its accumulation range that has been in place since summer of 2021. It suggests that if Bitcoin enters a bear market, SHIBUSDT could experience a new capitulation below current levels. The analysis highlights a bearish outlook for SHIBUSDT unless it surpasses the 0.382 Fibonacci retracement level at 0.0000118. A target of 0.00000706 is predicted. Similarly, LUNCUSDT's chart pattern is referenced, noting its breakdown after holding a range for approximately three years. For SHIBUSDT, exceeding 0.0000118 could lead to a short-term rally up to 0.000015, contingent on Bitcoin's bullish momentum. Ultimately, the bearish view prevails below 0.000012, anticipating a potential drop to wick fill from 2025's crash.