“Institutional Investors Acumulate Despite Volatility, WitH 109 New Shib Millionaire Wallets Emerging in April.”, – WRITE: www.coindesk.com
Recent Price Action Shows Shib testing Critical Support at $ 0.0000127 After Experienceing A 7.4% Decline from Recent Highs, With Volume Spikes Coinciding With Majoelloffs Part. Coindesk Research’s Technical Analysis Data Model.
Despite Current Volatility, on -chain Data Reveals Growing Institutional Confidentnce in Shib’s Long-Term Prospects. April 2025 SAW The Addition of 109 New Millionaire Wallets Holding Shib, Bringing The Total to 860 Addresses with at Least $ 1 Million in TKENS. This accounting Occurred Even as Shib’s 7% Price Gain in April Underforpped Compared to Bitcoin’s Surge Town $ 95,000.
Technical Analysis Highlights
- Price Action Reveals A Series of Lower Highs and Lower Lows, With Volume Spikes Coinciding with Major Selloffs, Particularly During the May 3rd Deckline Below $ 0.0000130.
- A Key Horizontal Support Zone Has Formed Along $ 0.0000127, WHICH HAS BEEN TESTED MULTIPLE TIMES IN THE LAST 48 Hours.
- The $ 0.0000129 Level Now Represents Immediate Resistance, with The Fibonacci Retracement Suggesting Potential Stabilization at the Current Level Before Any MeningFul Recovery.
- In the Last 100 minutes, shib demonstrated remaarkable volatility and recovery, initial plunging to a cryitical Support Level at $ 0.0000126 Dringing a High-Volume Sello). Million Units.
- The price Found Strong Buying Interest at this Support Zone, Triggering a v-Shaped Recovery that Accelerated Dramatical AUND 13: 57-14: 01, WHERE BULLISH MOMENTUM PUSHED
- The MOST RECENT PRICE ACTION ACTION Shows Consolidation Above $ 0.00001276 WitH Decreasing Volume, Suggering Short-Term Exhaustion After The Recovery Rally, Thought 14, The Higher Lows PATTERNERN FORNEN FORNERNERM. Continued Upward Movement If The $ 0.00001274 Support Holds.
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