The Shiba Inu (SHIB) whales hunt for good deals at the start of this week after prices dropped to a lower of 16 months of $ 0.0000,1005.
According to research on Coindesk AI, whales bought 10.4 Billions of shib chips, worth more than $ 110 million on Monday, marking the greatest daily accumulation in five months.
The action of whales probably contributed to the rebound of the price of 17% of the cryptocurrency compared to the lowest of 16 months reached on Sunday. Note that the wider market of cryptography stabilized after the instinctive initial reaction to tensions in the Middle East. BTC, which fell below $ 100,000 over the weekend, changed hands for the last time almost $ 106,000.
Market data indicate that SHIB maintains a generally constructive posture, with higher stockings forming a subtle rise channel. The token found a large volume support at 0.00001158 during the 24 hours from June 24, 9:00 a.m. to June 25, 8:00 a.m., the negotiation volume going to 439 billion, well above the daily average.
This support for support levels suggests the potential of continuous rise if the resistance of $ 0.00001175 can be decisively eliminated. During the editorial staff, Shib exchanged around 0.0000001162 on the main scholarships, according to Coindesk data.
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- Higher hollows have formed a subtle upward trend channel, suggesting accumulation at support levels and potential for continuously increasing dynamics if a resistance at 0.000011175 is eliminated.
- During the 60 minutes of June 25, 07:06 at 08:05, Shib went from 0.00001169 to $ 0.00001,171, representing a gain of 0.2%.
- A strong increase in prices occurred between 07: 25-07: 27, the volume culminating at 12.36 billion sombings while prices reached the session of $ 0.00001,175.
- The price action has formed an upward channel with higher stockings, although a net correction at 08:03 tested the support level of 0.000011171, suggesting consolidation after the previous rally.
Time graph
The resumption of SHIB has been in a standstill since Tuesday, the prices trading in what seems to be a descending triangle, characterized by a drop in the trend line and a horizontal support line.
A price passage through the descending trend line would signal a continuation of the recovery rally, exposing the June 16 resistance greater than $ 0.00001230. Conversely, ventilation of the triangle would signal a downstream bathing inversion.
