The Token of Shiba Inu has demonstrated a remarkable resilience despite the wider market volatility, successfully breaking the key resistance levels while maintaining the position on all the main mobile averages, according to the Coindensk Research technical analysis data model.
Technical indicators suggest a continuous optimistic feeling, although short -term price action shows some consolidation after recent profits.
Market analysis reveals that approximately 80% of Shib holders are currently under water at current prices, with only 16.59% in earnings.
However, this has not damping the enthusiasm of the community as development continues in Shibarium, the scale solution of layer 2 designed to improve the usefulness of Shib beyond its origins of meme coins.
TECHNICAL ANALYSIS
- Shib demonstrated a remarkable resistance during the 24 -hour period, rising from a minimum of 0.00001399 to a maximum of 0.00001492, which represents a range of 6.7%.
- The price action formed a clear higher trend with higher minimums that establish support at 0.00001428.
- Significant volume spikes above the average of 24 hours at 1:00 p.m. and 02:00 confirmed a strong purchase interest.
- The remarkable resistance arose at 0.00001467, although Shib successfully broke this level in recent hours.
- Shib closed at 0.00001474 with impulse indicators that suggest a continuous upward feeling.
- The Token keeps the position on all key mobile averages.
- In the last hour, Shib experienced remarkable volatility with a clear downward trend, falling from 0.00001485 to 0.00001475, which represents a decrease of 0.7%.
- The Token reached its peak at 0.00001487 at 02:34 before finding the sales pressure.
- The sales pressure intensified around 02: 45-02: 47, carrying prices at a minimum session of 0.00001471.
- The volume analysis reveals a significant distribution at higher levels, particularly during candles 02:42 and 03:04. •
- The volume above the average coincided with price rejections. •
- Despite a modest attempt to recover in the final minutes with higher minimums that are formed around 0.00001474, Sib remains below the key resistance established during the previous 24 -hour rally.
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