Meme token shiba inu
has completed a large bullish reversing pattern as ETF speculations drives Bonk higher.
Shib rose 5.2% over the last day and climbed from $ 0.00001136 to $ 0.00001195 with significant volume tips, establishing a new support level at a high -volume support level to $ 0.00001162.
The recovery marked the completion of the inverted head-and-shoulders (H&S) Pattern on the Time Card confirming a bullish shift in momentum. A reverse H&S, which appears after a remarkable sale, which in Shib’s case includes three troughs, the middle of which is the lowest and flanked by shallow and uniform on each side.
“Technical indicators continue to suggest Bullish Momentum as Shib maintains prices over the newly established support levels,” Coindesk’s AI research said.
Key AI insight
- Shib demonstrated remarkable strength during the 24 hours from July 2, 12:00 to 3 July, 11:00, and climbed from $ 0.00001136 to $ 0.00001200, representing a gain of 5.65% with a price range of $ 0.0000000081.
- The token experienced a significant volume at. 16:00 on July 2nd (1.68b)Establishing a high-volume support level of $ 0.00001162.
- The 24-hour volume profile confirms strong buyer interest, especially during the European trade session.
- During the 60 minutes from July 3, 10:09 to 11:08, Shib experienced the remarkable volatility that originally traded with $ 0.00001204 before falling to $ 0.00001199, representing a fall of 0.41%.
- A significant volume occurred at. 10:18 (15.01B)Followed by an even bigger spikes at. 11:04 (20.94B)Coincident with a price recovery from the session low at $ 0.00001195 at. 10:50.
- In the 5-hour period between 05:00 and 10:00 on July 3, persistent trade was over $ 0.0000120 and formed a new resistance zone.
Bonk waves
Bonk, a Memecoin built on Solana Blockchain at the end of 2022, has risen 23% to $ 0.00001665 in the last 24 hours and has become the best priesting top 100 cryptocurrency with market value.
According to Coindesk’s AI, the rally contained three different waves with the most aggressive purchase that occurred between 23:00 and 01:00, as the volume peaked with almost 3 trillion units, establishing a high volume support zone around $ 0.0000161.
Cryptocurrency also approached a milestone of a million owner. These Bullish developments follow reports that Tuttle Capital’s proposed 2x long Bonk Etf has taken a procedural step forward.
When we talk about technical analysis, BONK’s hourly price diagram shows a shib-like reverse head-and-shoulders bullish reversing pattern.
Key AI insight
- Bonk-USD demonstrated remarkable strength over 24 hours from July 2, 12:00 to 3 July 11:00, which increased from $ 0.0000142 to $ 0.0000167, which represents a gain of 17%.
- A significant price range of $ 0.00000345 (24%) was observed with strong volume-supported resistance of $ 0.0000174 level during 1 p.m. 5am on July 3rd.
- During the 60 minutes from July 3, 10:34 to 11:33, Bonk-USD experienced considerable volatility and fell 1.35% from $ 0.00001689 to $ 0.00001667.
- A remarkable sale occurred at. 10:42, when the price fell 7.6% in the middle of the peak amount of 95.9 billion units.
