Shiba Inu Chalks Out Bullish Inverse H&S as Bonk Cheers ETF Speculation, 1M Holder Milestone

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Completed a major bullish reversal pattern because ETF’s imagination is pushing a higher bonk.

Shib rose to 5.2% in the past 24 hours, climbing from $ 0.00001136 to $ 0.00001195 with significant volume spikes, establishing a new support level at a high-volume support level at $ 0.00001162.

The uprising marked the completion of the opposite head-and-and-shoulder (H&S) Pattern at the time -oral chart, which proves a bullish shift in momentum. An opposite H&S, which appears after a well-known seller-off, as in the case of Shib, consists of three troughs, whose middle is the lowest and stuffed of shallow and equal on both sides.

“Technical indicators suggest continuous bullish momentum as Shib maintains prices above the newly established support levels,” said CoinDesk’s AI research.

Key ai insights

• Shib showed the amazing strength within 24 hours from July 2, 12:00 to July 3, 11:00, up from $ 0.00001136 to $ 0.00001200, representing a 5.65% gain with a price range of $ 0.00000081.
• The token experienced a significant spike volume at 16:00 on July 2 (1.68b)Establishment of a high -volume support level at $ 0.00001162.
• The 24 -hour volume profile confirms the consumer’s strong interest, especially in the European trade session.
• Within 60 minutes from 3 July 10:09 to 11:08, the shib experienced noticeable volatility, initially trading at $ 0.00001204 before refusing $ 0.00001199, representing a decrease of 0.41%.
• A significant spike volume took place at 10:18 (15.01b)Following a larger spike at 11:04 (20.94b)matching a price recovery from a session of less than $ 0.00001195 at 10:50.
• The 5-hour period between 05pm and 10:00 on July 3 saw the long trade above $ 0.0000120, forming a new resistance zone.

Bonk surge

Bonk, a Memecoin built on Solana’s blockchain in late 2022, has advanced 23% to $ 0.00001665 in the past 24 hours, which has become best performing top 100 cryptocurrencies by market value.

According to CoinDesk’s AI, the rally features three unique waves, with the most aggressive purchase that takes place between 23:00 and 01:00, when the volume sank to nearly 3 trillion units, establishing a high volume support zone around $ 0.0000161.

Cryptocurrency also approaches one million milestones holding. These developments of Bullish follow the reports that the suggested 2x Long Bonk ETF of Tuttle Capital has taken a step in the procedure.

Speaking of technical analysis, the hourly bonk price chart shows something like shib-like the opposite head-looking pattern.

Key ai insights

• Bonk-USD showed amazing strength within 24 hours from 2 July 12:00 to 3 July 11:00, which fell from $ 0.0000142 to $ 0.0000167, representing a 17% gain.
• A significant price range of $ 0.00000345 (24%) was observed, with a strong support support at the level of $ 0.0000174 during 5:00 hours on July 3rd.
• Within 60 minutes from July 3, 10:34 to 11:33, Bonk-USD experienced significant volatility, dropping 1.35% from $ 0.00001689 to $ 0.00001667.
• A well-known seller took off at 10:42 when the price dropped 7.6% amid a peak of 95.9 billion units.