Shiba Inu -Token has shown remarkable resilience despite wider market volatility, which has successfully undergone key resistance levels while maintaining the position of all major moving average, according to Coindesk Research’s technical analysis data model.

Technical indicators continue to suggest bullish atmosphere, although short -term price action shows some consolidation after the recent gains.

Market analysis reveals that approx. 80% of Shib holders are currently underwater at current prices, with only 16.59% in profit.

However, this has not dampened community enthusiasm as development continues at Shibarium, Layer 2 Scaling Solution designed to improve Shib’s tools beyond its meme coin origin.

Technical analysis highlights

• Shib demonstrated remarkable resilience over the 24-hour period and climbed from a low level of 0.00001399 to a high of 0.00001492 representing a 6.7% range.
• Price action formed a clear increase with higher low lower establishment of support of 0.00001428.
• Significant volume tips over the 24-hour average at. 13:00 and 02:00 confirmed strong buying interest.
• Remarkable resistance occurred at 0.00001467, although Shib successfully broke through this level in the last hours.
• Shib closed at. 0.00001474 with momentum indicators that suggest continued bullish mood.
• The token maintains the position of all key movement average.
• In the last hour, Shib experienced the remarkable volatility with a clear downturn that fell from 0.00001485 to 0.00001475, representing a decrease of 0.7%.
• The token reached its peak at 0.00001487 at. 02:34 before encountering sales pressure.
• Sales of pressure intensified around 02: 45-02: 47, and push prices to a session low of 0.00001471.
• Volume analysis reveals significant distribution at higher levels, especially in candles 02:42 and 03:04. •
• Over-average volume coincided with price rejection. •
• Despite a modest recovery attempt in the last minute of higher low down, forming about 0.00001474, Shib remains under the key resistance determined under the previous 24-hour rally.

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