Shiba Inu (Shib), the world’s second largest meme token by market value, faced the sales pressure along with losses on the wider crypto market and US stocks.
Shib fell over 3.5% to 0.00001134, the level last seen on April 9, according to Data Source Coindesk. Bitcoin, the leading cryptocurrency with market value, slid almost 3% to $ 103,800. The risk version happened after President Donald Trump’s trivialized reports of his administration sought a ceasefire with Iran and threatened assault on Iran’s supreme leader Ayatollah Ali Khamenei and called for Iran’s unconditional surrender in the ongoing war with Israel.
Shib’s decline follows rejection of $ 0.00001230 The resistance level Monday, which paved for sales with unusually high trade volumes exceeding 1.2 billion tokens.
The support was briefly emerged with about $ 0.00001167 early today, but eventually pierced by bears and ran prices lower.
Market analysts note that Shib’s performance reflects wider cryptocurrency market trends, which continue to be influenced by global economic factors and trade disputes between larger economies.
As traditional financial markets respond to these tensions, cryptocurrencies such as Shib Face Volatility increased, while dealers closely monitor key support and resistance levels for signs of directional movement.
Key Ai Insights (Monday-Tuesday)
- Ready rejection of $ 0.0000123 Resistance level over the course of 20: 00-21: 00 time frame.
- Aggressive sales with unusually high volume (1,23b and 1.31b) in the period 22: 00-00: 00.
- Support arose about $ 0.00001167, coincident with high volume buying interest.
- Bearish Momentum seems to lose steam as price consolidates in $ 0.00001176- $ 0.00001182 range.
- Falling sales pressure clearly in the falling volume profile.
- Increased volatility in the last hour and formed a remarkable pricing structure between $ 0.00001175- $ 0.00001182.
- Recovery attempt reached a local highlight of $ 0.00001182 at. 13:30, accompanied by significant volume (8.8b).
- Bullish Momentum was short -lived when sellers returned at 1 p.m. 13:44 and drove price down 3% with unique volume (9.7b).
- Ending Minutt shows consolidation around $ 0.00001175, with declining volatility and volume suggesting the fatigue of sales pressure.
