Shiba Inu (Shib) fell sharply early Friday on Friday on Friday as President Donald Trump’s new prices weighed on the Bitcoin market leader and strengthened the US dollar. The price table always offers bull advice.
SHIB crashed 6% in a brutal sale of 24 hours of July 31, 1:00 p.m. to August 1 at 12:00 p.m., from $ 0.000013 to $ 0.000012. Prices have reached their lowest since July 9, extending the downward trend in the summits of July 21, almost $ 0.00001600.
The decline follows an increase in the number of shibs held on centralized exchanges. The statement went to 84.9 billions of tokens on July 28, indicating a potential whale distribution despite an accumulation of $ 63.7 million of $ 4.66 Billions of sombings, according to the Coindesk market model. Meanwhile, the burning rate explodes 16,700% to 602 million shib tokens destroyed in coordinated transactions.
AI key badges for the last 24 hours
- The rejection of the resistance prices of $ 0.000013 triggered a high volume distribution phase.
- The support base was solidified at $ 0.0000,12 with 1.19 billion of tokens of purchase interest.
- The 90.51 billion break volume catalyzed a movement greater than $ 0.0000,12.
What to follow?
Despite the recent slide, the technical prospects seem constructive, thank the candle “reverse Hammer Hammer” in July.
The inverted hammer includes a long upper wick, a small body and a lower wick largely absent. The form indicates that if the Bulls initially increased the prices, the sellers have finally controlled and pushed the prices almost to the starting point of the period.
When the model appears after a notable downward trend, as in the case of Shib, this indicates that bulls seek to reaffirm themselves on the market. Consequently, the scheme represents an early sign of an inversion of an imminent optimistic tendency higher.
Shib merchants, however, should note that a drop below the July 0.00001108 hollow would invalidate the Haussier candlestick model.
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