Shiba Inu
The world’s second largest meme token by market value has achieved over 3% over the last 24 hours and hit a nearly seven week height of $ 0.00001416 at some point, according to Coindesk data.
The move happened when market leader Bitcoin topped $ 122,000 to set new lifetime heights, such as galvanized momentum at the wider crypto market.
Shib has risen 20% this month and exceeded BTC’s gain of 13%. The BTC-Beating performance has
Key AI insight
- Shib released a 3% gain during the 24 hours from July 13, 12:00 to 14 July 11:00, which went from $ 0.000013314 to $ 0.000013720, supported by robust volume activity
- The token reviewed a fleeting consolidation in the 60-minute session from July 14, 10:51 to 14 July 11:50 and withdrew 1% to $ 0.000013722, when dealers secured profits.
- Market analysts foresee a potential 1,500% rally for shib as combustion rate skyrockets 2,080% weekly,
- The meme-based token successfully re-entered the $ 8,00 billion market evaluation threshold in the midst of growing expectations of artificial intelligence-focused initiatives in Shiba Inu Ecosystem.
AI Volume-Price Trend Analysis
- Over the last 24 hours, Shib has confirmed a key support zone of $ 0.00001309 with a significant volume backing of 536.21 billion tokens.
- The resistance level is identified at $ 0.000014103, accompanied by unique volume activity of 2.44 trillion tokens.
- The price diagram shows a clear upward tendency pattern with a higher low pattern indicating renewable purchase pressure.
RSI is approaching 70
Token’s 14-relative strength index that measures the speed and change of price movements in a security compared to about two weeks,
is a quick closure of the 70 mark, which is largely considered an overbought threshold. In reality, however, it only indicates that the upward momentum is strengthened.
The bullish signal comes as cryptocurrency seems to break out of a reverse head-and-shoulder pattern.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
