Shiba Inu
He has gained more than 2% in the last 24 hours, with bulls that defend the key support levels in the back of strong volumes.
The meme cryptocurrency fell early Wednesday when BTC and the largest market were witnesses to eliminate the imminent speech of the president of the Fed, Jerome Powell.
However, buyers approached the level of $ 0.00001200, ensuring that psychological support was maintained. The subsequent recovery also raised prices above the ascending trend line that connects on June 22 and August 2, and the key level of $ 0.00001231, which is the fibonacci setback of 61.8% of June-July rally.
Bulls combustible shib
Sib exhausts volatility, powers of $ 0.000012295 to $ 0.000012574 Closing in a heavy bullish flow. Token has critical support, is broken through resistance barriers. Next objective: $ 0.000012700 Psychological level.
According to the Insights Insights Insights Model of COINDESK, $ 0.000012700 is the next level to overcome the Bulls.
Technical data point to a bullish breakdown
- Shib was negotiated within a range of $ 0.000012089- $ 0.000012705, which represents a 5% differential between the extremes of the session.
- The institutional interest reached its maximum point between 13:00 and 14:00, and the volume increased more than 1 billion tokens.
- The price remained above $ 0.000012250, confirming a strong demand floor.
- The sale pressure of half of the session at 13:00 failed to decipher $ 0.000012089 support.
- The resistance at $ 0.000012600 was penetrated, which caused an increase in volume to 12.8 billion tokens.
The CD20 index remains stable amid the token volatility
CD20 kept the range trade as Shib volatility increased. The index reflected the institutional selectivity in the main cryptography holdings, with the broadest confidence of the market that persists despite individual token changes and short -term uncertainty.
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