Meme Token Shiba Inu
He has completed an important bullish investment pattern as ETF speculation drives Bonk higher.
SHIBE increased 5.2% in the last 24 hours, rising from $ 0.00001136 to $ 0.00001195 with significant volume peaks, establishing a new support level to a high volume support level at $ 0.00001162.
The suddenly marked the end of the head and inverse shoulders (H&S) Pattern in the chart per hour, confirming a bullish change in the impulse. An inverse H&S, which appears after a remarkable sales sale, as in the case of Shib, includes three channels, the medium being the lowest and flanked by the shallow and equidistant on both sides.
“The technical indicators suggest a continuous impulse as Shib keeps prices above the recently established support levels,” said Coindesk’s investigation.
Key insights
- Shib demonstrated a notable force during the 24 hours from July 2 from 12:00 to July 3, 11:00, rising from $ 0.00001136 to $ 0.00001200, which represents a 5.65% gain with a price range of $ 0.00000081.
- Token experienced a significant volume increase at 4:00 p.m. on July 2 (1.68b)Establish a high volume support level at $ 0.00001162.
- The 24 -hour volume profile confirms a strong interest of the buyer, particularly during the European trade session.
- During the 60 minutes of July 3 from 10:09 to 11:08, Shib experienced remarkable volatility, initially quoting to $ 0.00001204 before decreasing to $ 0.00001199, which represents a 0.41%decrease.
- There was a significant volume peak at 10:18 (15.01b)followed by an even bigger peak at 11:04 (20.94b)coinciding with a price recovery of the minimum session of $ 0.00001195 at 10:50.
- The 5 -hour period between 05:00 and 10:00 on July 3 saw sustained operations above $ 0.0000120, forming a new resistance zone.
Bonk standing out
Bonk, a memory built in the Solana block chain at the end of 2022, has increased 23% to $ 0.00001665 in the last 24 hours, becoming the upper cryptocurrency of better performance by market value.
According to Coendesk AI, the rally had three different waves, with the most aggressive purchase between 23:00 and 01:00, when the volume reached its maximum point in almost 3 billion units, establishing a high volume support zone around $ 0.0000161.
The cryptocurrency also approached a milestone of one million headlines. These bullish developments follow the reports that the 2x long ETF of Tuttle Capital has taken a procedure step.
Speaking of technical analysis, Bonk’s hour pricing table shows an inverse inverse investment pattern similar to SBIB.
Key insights
- Bonk-USD demonstrated a notable strength 24 hours after July 2 from July 12:00 to 3:00, increasing from $ 0.0000142 to $ 0.0000167, which represents a gain of 17%.
- A significant price range of $ 0.00000345 (24%) It was observed, with strong resistance with volume support at the level of $ 0.0000174 during 5:00 hours on July 3.
- During the 60 minutes of July 3 from 10:34 to 11:33, Bonk-UD experienced significant volatility, decreasing 1.35% of $ 0.00001689 to $ 0.00001667.
- A remarkable sales sale occurred at 10:42 when the price fell 7.6% in the middle of a maximum volume of 95.9 billion units.
