Monthly monthly rally 18 % possible monthly dual rally

Sheba Eno (Shayb) It seems that the price gathering from month to date is to place the theater for a double lower pattern, which is a large rise.

The coded currency has increased by 18 % this month, its best performance since November, as prices have gained more than 7 % over the past 24 hours alone, according to Coindsk data. The assembly corresponds to increased risk in the encryption market caused by the Bitcoin Rally to the highest lifelong levels of more than $ 118,000.

The climb is characterized by strong trading sizes and an increase in burning the distinctive symbol, which removed a large part of the offer of trading, according to the Coindsk search of artificial intelligence.

The key to artificial intelligence visions

• Shayb increased by 7 % during the previous 24 hours of July 10, from 12:00 to 11 July, 11:00, ascended from 0.000012476 to 0.000013399 on an exceptional volume of 1.904 trillion codes.
• The acute reflection was achieved during the last 60 minutes of July 11, 10:26 to 11:25, with a 1 % SHIB decrease to settle at 0.000013385 with a manifestation of filtering pressure.
• The mechanisms of burning the distinctive symbol accelerated with more than 9.5 million SHIB symbols that have been permanently pulled from blood circulation during the last 24 hours, although the price effect has been defeated.

Keys levels

• The resistance penetration occurred at $ 0.000013110 in an exceptionally high volume of 1.904 trillion symbol.
• The level of the supported resistance was created, as it is approaching twice the trading activity 24 hours.
• The traditional support zone formed about $ 0.000013230, with resistance position at 0.000013580 dollars.
• Continuous bullish momentum suggests a possible continuation towards the psychological level of $ 0.000014,000.

Double lower bull reflection?

SHIB profit from the month to a successful defense from the lowest level in April at about $ 0.00001005, hinting to form a double bottom pattern on the daily chart.

The pattern includes almost an equal basin separated by freshness. It is said that the high prices through the direction line that connects the high point of recovery confirms the collapse and the opposite of the upward trend.

In the case of SHIB, the so -called dual lower resistance is characterized by the top of May at 0.00001764 dollars. The movement across this level would indicate the operation of the large bull.

DisintegrationParts of this article were created with the help of artificial intelligence tools and reviewed by our editorial team to ensure accuracy and commitment Our standards. For more information, see Coindsk Full Policy Artificial Intelligence.