Shiba Inu’s
The recovery of V-shaped price from 16-month lows is characterized by a climbing of trade volumes, according to CoinDesk’s AI research.
The cryptocurrency meme has bouncing at $ 0.0000 $ 1080, which hit the low $ 0.00001025 late week. That’s the lowest level since February 2024, according to Data Source TradingView.
Bounce came as Bitcoin, the leading cryptocurrency by the market value again retired a $ 100,000 handle after a more mashed oil response to US airstrikes in Iran.
Shib’s recovery appears to be sustainable, driven by a flow to trade volumes. According to CoinDesk’s AI views, the purchase of pressure emerged late this week, with a volume exceeding 2 trillion shibs, more than double the 24 -hour average.
The subsequent bounce, represented by a series of higher lows and higher, ran the fight near $ 0.00001088 during Asian trade hours on Monday.
Key ai insights
- Shib recovers from a significant DIP up to $ 0.00001008, stabilizing around $ 0.00001081 with strong volume support during recovery.
- Geopolitical tensions and trade disputes continue to influence cryptocurrency markets, with shib price action forming a clear V V. recovery pattern.
- Volume spiked in nearly 8 trillion units during 11:05 candles, indicating strong market participation.
- A double-top pattern generated around $ 0.00001083, with significant sale pressure at this resistance level.
Time -Reason chart
- Shib’s price took place down the downfall, introducing the sale from Friday.
- Prices, however, have not crossed above the Ichimoku Cloud, a momentum indicator. That will confirm a bullish trend reversal.
