Geopolitical tensions and shifting trade policies continue to influence cryptocurrency markets, with Shiba Inu ‘s SHIB token demonstrating remarkable resilience amid broader economic uncertainty.
After experiencing a significant mid-day sell-off, SHIB staged an impressive recovery during the 22:00 hour, surging 3.0% on nearly 900 billion in volume before establishing a new resistance level at $0.0000147.
Technical Analysis Highlights
- HIB established a trading range of 0.000007 (5.24%) between the low of 0.0000139 and high of 0.0000147 over the 24-hour period.
- The token experienced a significant sell-off during the 15:00 hour, dropping to its lowest point before finding strong volume support.
- A decisive recovery occurred during the 22:00 hour where price surged 3.0% on nearly 900 billion in volume.
- Bullish momentum continued into the final hours, with SHIB establishing a new resistance level at 0.0000147.
- In the last hour, SHIB experienced notable volatility with a 4.5% price swing between the low of 0.00001453 and high of 0.00001463.
- After establishing support at 0.00001455, SHIB staged a strong recovery beginning at 01:26, surging to 0.00001463 by 01:46 on increasing volume that peaked at 30.15 billion.
- Momentum faltered in the final 15 minutes as selling pressure emerged, creating a descending channel that brought prices back to 0.00001457.
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