Geopolitical tensions and changing trade policies continue to affect cryptocurrency markets, with Shiba’s Shib -Token showing remarkable resilience in the midst of wider economic uncertainty.
After experiencing a significant in the middle of the day, Shib staged an impressive improvement over 22:00 hours and waved 3.0% of almost 900 billion in volume before establishing a new $ 0.0000147 resistance level.
Technical analysis highlights
- HIB established a trade area of 0.000007 (5.24%) between the low level of 0.0000139 and high of 0.0000147 over the 24-hour period.
- The token experienced considerable sales within 15:00 hours and fell to his lowest point before finding strong volume support.
- A crucial recovery occurred within 22:00 hours, with the price rising 3.0% of almost 900 billion in volume.
- Bullish Momentum continued into the last hours when Shib established a new level of resistance of 0.0000147.
- In the last hour, Shib experienced the remarkable volatility with a 4.5% price swing between low at 0.00001453 and high of 0.00001463.
- After establishing support of 0.00001455, Shib staged a strong recovery that began at 1 p.m. 01:26, and is waved to 0.00001463 of 01:46 on increasing volume, peaking at 30.15 billion.
- Momentum wandered in the last 15 minutes when the sales pressure emerged, creating a falling channel that brought prices back to 0.00001457.
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