Shiba inu
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The Ichimoku Cloud, a technical indicator developed by a Japanese journalist in 1960, was used to study market trends, identify support and resistance levels, and gauge momentum. It consists of several lines and a cloud -like area, all of which provide insights into potential price movements.
The crossovers above and below the cloud represent bullish and bearish shifts in market trends.
Shib experienced the high-volume selling at the main resistance to 0.00001307 on Sunday between 6:00 and 22:00 UTC, and then fell to 0.00001274, staying in the bearish territory under the Ichimoku cloud.
Geopolitical tensions and transfer of trade policies continue to influence cryptocurrency markets, with Shiba Inu (Shib) showing stability amid greater economic uncertainty.
While maintaining the newly established higher range, the shib faces significant resistance as global trading disputes affect the investor’s feelings in both traditional and digital asset classes.
Basic technical views
- The main resistance appeared at 0.00001307, with a high volume of strength in 16:00 and 22:00 sessions.
- Strong support generated at 0.00001275, backed from the upper-average volume during 03:00 reversal.
- Last time, the shib experienced significant volatility with a well-known price flow from 0.00001289 to 0.00001293 during 07: 13-07: 19 periods.
This bullish momentum was reversed at 07:27, when prices dropped 1.2% to 0.00001283, forming a clear resistance zone around 0.00001293. - The final 30 minutes showed the integration -including between 0.00001283 and 0.00001285, with a reduction of volume suggesting fatigue following preceding volatility.
