Latest news with #Shibainu
Yahoo
5 days ago
- Business
- Yahoo
Monster Volume of 4.8T SHIB Sparks Bullish Move in Shiba Inu Above 200-day Average
Shiba inu (SHIB) bullish momentum has gathered pace, with prices topping key level on the back of unprecedented trading volumes. The joke cryptocurrency has surged over 5% in 24 hours, topping the 200-day simple moving average (SMA) for the first time since January. The average is widely-tracked by both retail and institutions to gauge long-term trends, with crossovers above the same suggesting bull runs. Most appreciation in prices occurred during the early morning hours of 18 July, most notably between 01:00-05:00, wherein price action advanced from $0.00001459 to $0.00001560, accompanied by extraordinarily elevated volume activity culminating at 4.88 trillion during the 01:00 hour—substantially exceeding the 24-hour average of 1.46 trillion. The high-volume indicates growing investor participation in the price rise and validates the breakout above the 200-day SMA. The cryptocurrency's daily chart shows an evolving double bottom bullish reversal pattern. Key AI insights SHIB exhibited extraordinary resilience with a 12 per cent trading range during heightened market volatility spanning 17 July 13:00 to 18 July 12:00. The cryptocurrency surged dramatically during early morning hours of 18 July, advancing from $0.00001459 to $0.00001560 with exceptional volume activity culminating at 4.88 trillion. Exchange reserves reached their lowest levels since 2023, signalling substantial whale accumulation and diminished selling pressure across principal trading platforms. Key technical indicators Price range of $0.000001943 representing 12 per cent volatility spread between $0.00001384 minimum and $0.00001569 maximum. • Volume surge to 4.88 trillion during 01:00 hour, substantially exceeding 24-hour average of 1.46 trillion. Robust volume-supported resistance established proximate to $0.00001515 level. Nascent support zones formed above $0.00001480 following consolidation. Successful breakout above psychological $0.00001500 threshold with institutional volume confirmation. Target resistance zone identified at $0.00001520-$0.00001540 for potential upside extension. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Shiba Inu Chalks Out Bullish Inverse H&S as BONK Cheers ETF Speculation, 1M Holder Milestone
Meme token Shiba inu (SHIB) has completed a major bullish reversal pattern as ETF speculation drives BONK higher. SHIB surged 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 upswing marked the completion of the inverse head-and-shoulders (H&S) pattern on the hourly chart, confirming a bullish shift in momentum. An inverse H&S, appearing after a notable sell-off, as in SHIB's case, comprises three troughs, with the middle one being the lowest and flanked by shallow and equidistant ones on either side. "Technical indicators suggest continued bullish momentum as SHIB maintains prices above the newly established support levels," CoinDesk's AI research said. SHIB demonstrated remarkable strength during the 24 hours from July 2, 12:00 to July 3, 11:00, climbing from $0.00001136 to $0.00001200, representing a 5.65% gain with a price range of $0.00000081. The token experienced a significant volume spike at 16:00 on July 2 (1.68B), establishing a high-volume support level at $0.00001162. The 24-hour volume profile confirms strong buyer interest, particularly during the European trading session. During the 60 minutes from 3 July 10:09 to 11:08, SHIB experienced notable volatility, initially trading at $0.00001204 before declining to $0.00001199, representing a 0.41% decrease. A significant volume spike occurred at 10:18 (15.01B), followed by an even larger spike at 11:04 (20.94B), coinciding with a price recovery from the session low of $0.00001195 at 10:50. The 5-hour period between 05:00 and 10:00 on July 3 saw sustained trading above $0.0000120, forming a new resistance zone. BONK, a memecoin built on the Solana blockchain in late 2022, has surged 23% to $0.00001665 in the past 24 hours, becoming the best-performing top 100 cryptocurrency by market value. According to CoinDesk's AI, the rally featured three distinct waves, with the most aggressive buying occurring between 23:00 and 01:00, when volume peaked at nearly 3 trillion units, establishing a high-volume support zone around $0.0000161. The cryptocurrency also approached a one-million holder milestone. These bullish developments follow reports that Tuttle Capital's proposed 2x Long BONK ETF has taken a procedural step forward. Speaking of technical analysis, BONK's hourly price chart displays a SHIB-like inverse head-and-shoulders bullish reversal pattern. BONK-USD demonstrated remarkable strength over the 24 hours from 2 July 12:00 to 3 July 11:00, surging from $0.0000142 to $0.0000167, representing a 17% gain. A significant price range of $0.00000345 (24%) was observed, with strong volume-supported resistance at the $0.0000174 level during the 5:00 hour on July 3rd. During the 60 minutes from July 3, 10:34 to 11:33, BONK-USD experienced significant volatility, declining 1.35% from $0.00001689 to $0.00001667. A notable sell-off occurred at 10:42 when the price dropped 7.6% amid peak volume of 95.9 billion units. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Shiba Inu Whales Snap Up 10T SHIB, Prices Chalk Out Descending Triangle Pattern
Shiba inu (SHIB) whales went bargain hunting early this week after prices dropped to a 16-month low of $0.00001005. According to CoinDesk's AI research, whales purchased 10.4 trillion SHIB tokens, worth over $110 million, on Monday, marking the largest daily accumulation in five months. The whale action has likely contributed to the cryptocurrency's 17% price bounce from the 16-month low reached Sunday. Note that the broader crypto market has stabilized following the initial knee-jerk reaction to the tensions in the Middle East. BTC, which fell below $100K over the weekend, last changed hands near $106,000. Market data indicate that SHIB is maintaining a generally constructive posture, with higher lows forming a subtle uptrend channel. The token found significant volume support at the $0.00001158 level during the 24 hours from June 24, 09:00 to June 25, 08:00, with trading volume surging to 439 billion, well above the daily average. This accumulation at support levels suggests the potential for continued upside momentum if the $0.00001175 resistance can be decisively cleared. As of writing, SHIB traded at around $0.00001162 on major exchanges, according to CoinDesk data. Higher lows formed a subtle uptrend channel, suggesting accumulation at support levels and potential for continued upside momentum if $0.00001175 resistance is cleared. During the 60 minutes from 25 June 07:06 to 08:05, SHIB climbed from $0.00001169 to $0.00001171, representing a 0.2% gain. A significant price surge occurred between 07:25-07:27, with volume peaking at 12.36 billion SHIB as prices reached the session high of $0.00001175. Price action formed an ascending channel with higher lows, though a sharp correction at 08:03 tested the $0.00001171 support level, suggesting consolidation after the earlier rally. SHIB's recovery has stalled since Tuesday, with prices trading in what appears to be a descending triangle, characterized by a falling trendline and a horizontal support line. A price move through the descending trendline would signal a continuation of the recovery rally, exposing the June 16 resistance above $0.00001230. Conversely, a breakdown of the triangle would signal a bearish reversal lower.
Yahoo
26-06-2025
- Business
- Yahoo
Shiba Inu Whales Snap Up 10T SHIB, Prices Chalk Out Descending Triangle Pattern
Shiba inu (SHIB) whales went bargain hunting early this week after prices dropped to a 16-month low of $0.00001005. According to CoinDesk's AI research, whales purchased 10.4 trillion SHIB tokens, worth over $110 million, on Monday, marking the largest daily accumulation in five months. The whale action has likely contributed to the cryptocurrency's 17% price bounce from the 16-month low reached Sunday. Note that the broader crypto market has stabilized following the initial knee-jerk reaction to the tensions in the Middle East. BTC, which fell below $100K over the weekend, last changed hands near $106,000. Market data indicate that SHIB is maintaining a generally constructive posture, with higher lows forming a subtle uptrend channel. The token found significant volume support at the $0.00001158 level during the 24 hours from June 24, 09:00 to June 25, 08:00, with trading volume surging to 439 billion, well above the daily average. This accumulation at support levels suggests the potential for continued upside momentum if the $0.00001175 resistance can be decisively cleared. As of writing, SHIB traded at around $0.00001162 on major exchanges, according to CoinDesk data. Higher lows formed a subtle uptrend channel, suggesting accumulation at support levels and potential for continued upside momentum if $0.00001175 resistance is cleared. During the 60 minutes from 25 June 07:06 to 08:05, SHIB climbed from $0.00001169 to $0.00001171, representing a 0.2% gain. A significant price surge occurred between 07:25-07:27, with volume peaking at 12.36 billion SHIB as prices reached the session high of $0.00001175. Price action formed an ascending channel with higher lows, though a sharp correction at 08:03 tested the $0.00001171 support level, suggesting consolidation after the earlier rally. SHIB's recovery has stalled since Tuesday, with prices trading in what appears to be a descending triangle, characterized by a falling trendline and a horizontal support line. A price move through the descending trendline would signal a continuation of the recovery rally, exposing the June 16 resistance above $0.00001230. Conversely, a breakdown of the triangle would signal a bearish reversal lower.
Yahoo
17-06-2025
- Business
- Yahoo
Shiba Inu Slides to Two-Month Low as Trump Threatens Khamenei, Demands Unconditional Surrender
Shiba inu (SHIB), the world's second-largest meme token by market value, faced selling pressure alongside losses in the broader crypto market and U.S. stocks. SHIB fell over 3.5% to 0.00001134, the level last seen on April 9, according to data source CoinDesk. Bitcoin, the leading cryptocurrency by market value, slipped nearly 3% to $103,800. The risk aversion happened after President Donald Trump downplayed reports of his administration seeking truce with Iran and threatened assassination of Iran's Supreme leader Ayatollah Ali Khamenei, calling for IRan's unconditional surrender in the ongoing war with Israel. SHIB's decline follows rejection at the $0.00001230 resistance level Monday, which paved for the sell-off with exceptionally high trading volumes exceeding 1.2 billion tokens. Support had briefly emerged at around $0.00001167 early today, but was eventually pierced by bears, driving prices lower. Market analysts note that SHIB's performance reflects broader cryptocurrency market trends, which continue to be influenced by global economic factors and trade disputes between major economies. As traditional financial markets respond to these tensions, cryptocurrencies like SHIB face increased volatility while traders closely monitor key support and resistance levels for signs of directional movement. Clear rejection at the $0.0000123 resistance level during the 20:00-21:00 timeframe. Aggressive sell-off with exceptionally high volume (1.23B and 1.31B) during the 22:00-00:00 period. Support emerged around $0.00001167, coinciding with high-volume buying interest. Bearish momentum appears to be losing steam as price consolidates in the $0.00001176-$0.00001182 range. Decreasing selling pressure evident in the diminishing volume profile. Increased volatility in the last hour, forming a notable price structure between $0.00001175-$0.00001182. Recovery attempt reached a local high of $0.00001182 at 13:30, accompanied by substantial volume (8.8B). Bullish momentum was short-lived as sellers returned at 13:44, driving price down 3% with exceptional volume (9.7B). Final minutes show consolidation around $0.00001175, with decreasing volatility and volume suggesting exhaustion of selling pressure.
