Shiba Inu (Shib), the second largest memes token in the world for market value, faced the sales pressure along with losses in the broader cryptographic market and US actions.
Shib fell more than 3.5% to 0.00001134, the level is seen for the last time on April 9, according to the COINDESK data source. Bitcoin, the leading cryptocurrency for market value, fell almost 3% to $ 103,800. Risk aversion occurred after President Donald Trump minimized the reports of his administration in search of truce with Iran and threatened the murder of Iran’s supreme leader, Ayatollah Ali Khamenei, asking for the unconditional surrender of Iran in the current war with Israel.
The Declive of Shib follows the rejection of the resistance level of $ 0.00001230 on Monday, which raid for the sale of sales with exceptionally high negotiation volumes above 1.2 billion tokens.
The support had emerged briefly in around $ 0.00001167 early today, but was finally crossed by the bears, which drives the lowest prices.
Market analysts point out that Shib’s performance reflects the widest tendencies of the cryptocurrency market, which continue to be influenced by global economic factors and commercial disputes between the main economies.
As traditional financial markets respond to these tensions, cryptocurrencies such as Shib face greater volatility, while merchants closely control the key levels of support and resistance for the signs of directional movement.
Key AI insights (Monday by day)
- Clear rejection at the resistance level of $ 0.0000123 during a period of 20: 00-21: 00.
- Aggressive volume with an exceptionally high volume (1.23by 1.31b) during period 22: 00-00: 00.
- The support emerged around $ 0.00001167, coinciding with high volume purchase interests.
- The bearish impulse seems to be losing steam as the price is consolidated in the range of $ 0.00001176- $ 0.00001182.
- Decreased sales pressure evident in the decreasing volume profile.
- Increased volatility in the last hour, forming a notable price structure between $ 0.00001175- $ 0.00001182.
- The recovery attempt reached a local maximum of $ 0.00001182 at 13:30, accompanied by a substantial volume (8.8b).
- The bullish impulse was shortly since the vendors returned at 13:44, which drives the price 3% with an exceptional volume (9.7b).
- The final minutes show consolidation around $ 0.00001175, with a decrease in volatility and volume that suggest exhaustion of the sale pressure.
