Shiba Inu
has achieved over 2% over the last 24 hours, with Bulls defending key support levels on the back of strong volumes.
Meme Cryptocurrency fell early Wednesday as BTC and the wider market witnessed risking prior to bold chairman Jerome Powell’s impending speech.
However, buyers stepped closer to the level of $ 0.00001200 and ensured that psychological support was maintained. The subsequent recovery also raised prices back over the rising trendline connecting June 22 and August 2, and the central level of $ 0.00001231, which is 61.8% Fibonacci Retracement of June-July rally.
Bull’s fuel shib comeback
Shib shakes volatility, forces from $ 0.000012295 to $ 0.000012574 Close on the heavy bullish flow. Token has critical support, smashes through resistance barriers. Next target: $ 0.000012700 Psychological level.
According to Coindesk’s AI technical insight model, $ 0.000012700 is the next level to beat for bulls.
Technical data points to a bullish breakout
- Shib traded within a $ 0.000012089- $ 0.000012705 range, representing a 5% spread between session extremes.
- Institutional interest peaked between 13:00 and 14:00, and volume rose past 1 trillion tokens.
- The price complied with over $ 0.000012250, confirming a strong demand floor.
- Mid-Session Sales Press at. 13:00 failed to break $ 0.000012089 support.
- Resistance to $ 0.000012600 was penetrated, triggering a volume wave to 12.8 billion tokens.
The CD20 index holds steady in the middle of token volatility
CD20 maintained range-bound trade as shib volatility added. The index reflected institutional selectivity across larger crypto holdings, with the wider market scope sustained despite individual token swings and uncertainty in the short term.
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.
