The Token Shiba Inu (Shib) is operating higher, but a strong impulse is missing despite the efforts of buyers to establish strong support.
Shib has established a solid support base between $ 0.00001265 and $ 0.00001270 in the last 24 hours, with technical patterns that suggest potential for a continuous rise impulse.
Geopolitical tensions and changing commercial policies are creating waves in cryptocurrency markets, with Shiba Inu emerging as a surprising beneficiary amid uncertainty.
Even so, the cryptocurrency could not maintain profits above the single mobile average of 100 days (SMA) at $ 0.00001332 and changed from hands to $ 0.00001317 at the time of writing, which represents a gain of 2.9% in the last 24 hours.
In addition, the price table shows that the bassist trend of May 12 is still intact.
Key technical ideas
- Notable support has been established at $ 0.00001267, where buyers constantly intervened during the first hours.
- The price action formed a clear higher trend with higher and higher minimums, breaking the key resistance levels at $ 0.00001294 and $ 0.00001313.
- Initial consolidation period (01: 07-01: 34) Established support at $ 0.00001330, followed by an explosive break at 01:35 with the highest volume increase (14.6b).
- The price action formed a clear ascending channel with higher minimums, which culminated in a new local maximum of $ 0.00001345.
- The slight profits arose in the final minutes as the volume decreased, which suggests a possible short -term resistance but maintaining the general upward structure.
