The crypto market is recovering after a brief dip, with Bitcoin reaching $95,000. Meme coins like Shiba Inu (SHIB) are showing signs of a potential reversal. SHIB has seen a modest increase of 4% in the past 24 hours and remains dominant above the $0.000020 mark. The price analysis suggests a potential breakout rally, but there are also signs of a potential head and shoulders pattern, with a close below the critical support level indicating a significant correction. The 4-hour chart shows a resistance trendline and a V-shaped reversal at the psychological level of $0.000020. However, the short-term time frame suggests a higher chance of a recovery run. Open Interest has increased by 16.57% to $389.04 million, while liquidations amount to $1.33 million with a strong bearish influence. The funding rate has turned positive, indicating renewed interest in holding long positions. The recovery run may challenge the local resistance trendline near the 23.60% Fibonacci level at $0.00002195, with short-term price targets at $0.000024 and $0.00002980. The crucial support levels are $0.000020 and $0.00001858.



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