Shiba Inu (Shib) -Token is higher, but strong Momentum is missing despite the buyer’s efforts to establish strong support.
Shib has established a strong support base between $ 0.00001265 and $ 0.00001270 in the last 24 hours, with technical patterns suggesting the potential for continued momentum upwards.
Geopolitical tensions and changing trade policies create ripples across cryptocurrency markets where Shiba Inu emerges as a surprising recipient in the midst of uncertainty.
Still, Cryptocurrency did not fail to maintain gains over the 100-day simple sliding average (SMA) to $ 0.00001332 and changed hands of $ 0.00001317 at the time of writing, representing a gain of 2.9% over the last 24 hours.
Furthermore, the price diagram shows down from the heights 12 May is still intact.
Key technical insights
- A remarkable support has been created for $ 0.00001267, where buyers consistently entered the early hours.
- Price action formed a clear increase with higher low and higher heights, which broke through key resistance levels of $ 0.00001294 and $ 0.00001313.
- The first consolidation period (01: 07-01: 34) established support for $ 0.00001330, followed by an explosive outbreak at. 01:35 with the highest volume (14.6b).
- Price action formed a clear rising channel with higher low low and culminated with a new local high of $ 0.00001345.
- Light profits occurred in the last minutes as the volume is tapered, which suggests potential short -term resistance but maintains the overall bullish structure.
