Shiba Inu
The world’s second largest meme token by market value is acting on the bearish territory under the Ichimoku cloud after turning to the sale of high volume overnight.
The Ichimoku cloud, a technical indicator developed by a Japanese journalist in the 1960s, is used to analyze market trends, identify support and resistance levels and measure momentum. It is composed of several lines and a cloud -like area, all of which provide insight into potential price movements.
Crossovers above and below the cloud represent Bullish and Bearish shifts in market trends.
Shib experienced high volume sales at key resistance at. 0.00001307 Sunday between 6:00 and 22:00 UTC and then fell back to 0.00001274, where they stayed on the bearish territory under the Ichimoku cloud.
Geopolitical tensions and changing trade policies continue to affect cryptocurrency markets where Shiba Inu (Shib) shows resilience in the midst of broader economic uncertainty.
While maintaining his newly established higher reach, Shib faces considerable resistance as global trade services affect investor mood across both traditional and digital asset classes.
Key technical insights
- Key resistance appeared at 0.00001307 with a high volume sales pressure during 16:00 and 22:00 sessions.
- Strong support formed at 0.00001275, supported by volume above average below volume 03:00.
- In the last hour, Shib experienced considerable volatility with a remarkable price increase from 0.00001289 to 0.00001293 in the period 07: 13-07: 19.
This Bullish Momentum turned vigorously at. 07:27, when prices fell 1.2% to 0.00001283 and formed a clear resistance zone around 0.00001293. - The last 30 minutes showed consolidation between 0.00001283 and 0.00001285, with falling volume that suggested fatigue after the previous volatility.
