Shiba Inu (Shib) has suffered significant losses in the last 24 hours, according to the decline of the broader market. The joke file, however, beat his best rival Dogecoin.
Key price movements
- Shib experienced a precipitous decrease from $ 0.000015189 to $ 0.000014130, constituting a pronounced depreciation of 7%.
- The sale of fundamental sales was characterized by commercial volumes that reached extraordinary levels of 4.33 billion tokens, substantially exceeding historical trade patterns.
- Multiple technical support levels succumbed to the intensification of the sale pressure during the final negotiation time, with Shib that demonstrates the inability to recover the critical resistance threshold at $ 0.000014200.
- While Shib fell below the 200 -day simple mobile average (SMA), a long -term trends barometer, it still remained above the daily cloud of Ichimoku Cloud. It is said that the broader impulse is optimistic when prices are maintained on the cloud, an indicator of popular trend.
- Doge, meanwhile, collapsed 8.50%, but remained well above its 200 -day SMA and Ichimoku’s cloud.
Key technical levels and indicators
- Significant resistance materialized at the level of $ 0.000015460 on July 22 at 23:00, with which the price action was decisively reversed in an exceptionally high volume of 926.18 billion tokens, substantially exceeding the average of 24 hours of 676.84 billion.
- A critical technical breakdown occurred on July 23 between 12:00 and 13:00, with valuations that detached from $ 0.000014776 to $ 0.00000014035 in an extraordinary volume of 4.33 billion tokens, establishing a formidable resistance at the level of $ 0.000014400, where the pressure for sale dramatically intensifies.
- Later, the Token witnessed an accelerated decrease of $ 0.000014416 to $ 0.000014125, which represents an additional depreciation of 2% as Shib as violated successive support levels at $ 0.000014200, $ 0.000014000 and $ 0.000013950.
- The volume increased to 343.37 billion tokens during 13:44, since the cryptocurrency reached an intra -trial Nadir of $ 0.00000014060, before mounting a modest recovery that finally failed to recover the critical resistance threshold of $ 0.000014200.
