The cryptocurrency market feels the effects of the change in global economic conditions while Shiba Inu (SHIB) faces a significant drop pressure.
The recent price of the same price for the same as a clear decrease with consecutive lower heights, piercing several levels of support.
The most intense sale occurred in 07:00 when the price collapsed at 0.0000149, the volume almost doubling the average negotiation rate.
Strengths of technical analysis
- Shib went from 0.0000159 to 0.0000149, representing a drop of 6.4% with an overall range of 0.0000012 (7.5%).
- Price action has formed a clear drop trend with consecutive lower peaks, piercing several levels of support around 0.0000156 and 0.0000152.
- The high volume sale occurred during 07:00 when the price collapsed at 0.0000149, a volume exceeding 1.43 billion of sombing – doubling the average trading volume.
- The resistance formation at 0.0000152 and the support at 0.0000148 suggests potential consolidation before the following directional movement.
- During the last hour, SHIB experienced significant volatility with a sharp drop from 0.0000151 to 0.0000147, followed by a modest recovery at 0.0000149.
- The most intense sales pressure occurred between 13: 33-13: 36, with a volume of more than 83 billion sombings at 13:35, establishing a critical support zone around 0.0000148.
- The price action has formed a V recovery scheme after reaching the hollow of the 0.0000147 session at 13:51, with an increase in the purchase momentum repulsive the shib above the level of 0.0000148.
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