The remarkable shib resilience during the recent negotiation session demonstrates an increasing confidence of investors despite the turbulence of the market.
The ability of the token to recover from a sudden drop to 0.0000143 with an extraordinary volume support suggests an institutional accumulation rather than a detail panic.
With the psychological support at 0.000015 holding firm and several heap tests, Shib seems ready for the potential pursuit of its upward trajectory if the current accumulation models persist.
Strengths of technical analysis
- SHIB demonstrated remarkable resilience during the period 24 hours a day, from 0.0000146 to 0.0000150, representing a gain of 2.85% with a range of 0.00000081 (5.64%).
- The token experienced significant volatility at 5:00 p.m. when the price dropped to 0.0000143 before finding a strong volume support.
- A massive increase of 2.83 volume billions – fully 4x the average crucial support – approved during the recovery phase.
- The key resistance at 0.0000151 was tested twice during the period, the accumulation models forming in the last hours.
- Three consecutive candles with high volume (23: 00-01: 00) established a solid base above the psychological level of 0.000015.
- During the last hour, Shib presented significant volatility with significant price overvoltage at 01:22 when it broke out above the resistance level of 0.0000151, reaching 0.00001514 by 01:31.
- High trading volumes supported the bullish momentum, especially during the 01:36 candle which recorded nearly 80 billion volumes.
- A net correction at 01: 37-01: 38 fell the price from 5% to 0.00001505, before establishing a consolidation model.
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