The upcoming us consumer price index (cpi) report is a major macroeconomic event. a print at or below the 2.5% consensus could validate 'risk-on' momentum, while an unexpected higher print could trigger a significant downside correction for shib and the broader altcoin market.
Analysis is based on technical indicators like accumulation bases, liquidity pools, and defined support/resistance levels, coupled with the clear macroeconomic catalyst of the us cpi report and its consensus forecast.
Shib is currently targeting the $0.0000065 level due to uncollected liquidity pools. a favorable cpi outcome (at or below 2.5%) is expected to fuel 'risk-on' sentiment, potentially pushing shib higher towards $0.0000068 and beyond. however, a surprise above 2.5% could lead to a sharp reversal towards $0.0000059 support.
The immediate price movement and 'risk-on' momentum are directly tied to the cpi report scheduled for friday. the impact is expected to unfold over the short term, potentially dictating shib's direction for the remainder of february.
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