Geopolitical tensions and transfer of trade policies continue to influence cryptocurrency markets, with the Shiba Inu ‘s Shib token showing remarkable stability amid greater economic uncertainty.
After experiencing a significant mid-day seller, Shib performed a wonderful recovery within 22:00 hours, exploding 3.0% to nearly 900 billion in volume before establishing a new resistance level to $ 0.0000147.
Technical assessments
- HIB has established a trade range of 0.000007 (5.24%) between the low 0.0000139 and high 0.0000147 within 24 hours.
- The token has experienced a significant sale-off for 15:00 hours, lowering its lowest point before finding strong volume support.
- A decisive recovery took place within 22:00 hours of which the price advanced by 3.0% to nearly 900 billion in volume.
- The Bullish momentum continued in the final hours, with the Shib which established a new resistance level at 0.0000147.
- Last time, Shib experienced noticeable volatility with 4.5% price swing between the lower 0.00001453 and high 0.00001463.
- After promoting the support of the 0.00001455, Shib presented a strong recovery starting at 1:26, which fell to 0.00001463 by 01:46 with increasing volume that sank to 30.15 billion.
- The momentum weakened for the last 15 minutes as the pressure sale appeared, creating a downward channel that returned prices to 0.00001457.
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