Shiba Inu
The second largest memes token in the world by market value, quotes in the bearish territory under the Ichimoku cloud after facing the high volume sale during the night.
The Ichimoku cloud, a technical indicator developed by a Japanese journalist in the 1960s, is used to analyze market trends, identify support and resistance levels, and the impulse of measurement. It consists of several lines and an area similar to the cloud, all of which provide information on possible price movements.
Cruces above and below the cloud represent bullish and bassist changes in market trends.
Shib experienced a high volume sale in Key Resistance at 0.00001307 on Sunday between 6:00 and 22:00 UTC, and later returned to 0.00001274, remaining in the bearish territory under the Ichimoku cloud.
Geopolitical tensions and changing commercial policies continue to influence cryptocurrency markets, with Shiba Inu (Shib) demonstrating resilience in the midst of broader economic uncertainty.
While maintaining its highest established range, Shib faces significant resistance as global commercial disputes impact the feeling of investors on traditional and digital asset classes.
Key technical ideas
- The key resistance arose at 0.00001307, with a high volume sales pressure during sessions of 16:00 and 22:00.
- A strong support for 0.00001275 was formed, backed by a volume higher than the average during the investment of 03:00.
- In the last minute, SHIBS experienced significant volatility with a notable price increase from 0.00001289 to 0.00001293 during the period 07: 13-07: 19.
This bullish impulse invested sharply at 07:27, when prices fell 1.2% to 0.00001283, forming a clear resistance zone around 0.00001293. - The final 30 minutes showed consolidation between 0.00001283 and 0.00001285, with a decreased volume that suggests exhaustion after the previous volatility.
