“Shib’s Price Range Saw A 5% Spread, with Trading Volume Surging Past 1 Trillion Tokens.”, – WRITE: www.coindesk.com
HAS GAINED Over 2% in the Past 24 Hours, with Bulls Defending Key Support Levels on the Back of Strong Volumes.
The Meme Cryptocurrency Fell Early Wednesday as BTC and the Broader Market Witnessed De-Risking Ahead of Fed Chair Jerome Powell’s Impending Speech.
Buyers, However, Stepped in Closer to the $ 0.00001200 Level, Ensuring that the psychologic Support Was Maintined. The Subsequent Recovery Also Lifted Prices Back Above the Ascending Trendline Connecting June 22 and Aug. 2 Lows, and the Key Level of $ 0.00001231, Which Is The 61.8% Fibonacci Retracement of the June-July Rally.
Shib. (TradingView)
Bulls Fuel Shib ComebackSHIB Shakes Off Volatility, Powers from $ 0.000012295 to $ 0.000012574 CLOSE ON HEVY BULLISH FLOW. TKEN HOLDS CITICAL SUPPORT, SMASHES THRUGH Resistance Barriers. NEXT TARGET: $ 0.000012700 Psychological Level.
Accorging to Coindesk’s AI Technical Insights Model, $ 0.000012700 is The Next Level to Beat for the Bulls.
Technical Data Points to A Bullish Breakout
- SHIB TRADED WITHIN A $ 0.000012089- $ 0.000012705 Range, Which Represents A 5% Spread Between SESTREMES.
- Institutional Interest Peaked Between 13:00 and 14:00, Andvolume Surged Past 1 Trillion Tokens.
- The Price Held Above $ 0.000012250, Confirming A Strong Demand Floor.
- MID-SESSION SELLING PRESSURE AT 13:00 FAILED TO CRACK $ 0.000012089 Support.
- Resistance AT $ 0.000012600 WAS PENETRATED, Triggering A Volume Surge to 12.8 Billion Tokens.
CD20 Index Holds Steady Amid Token VolatilityCD20 Maintained Range-Bound Trading as Shib Volatility Spiked. The Index Reflected Institutional Selectivity Across Majoor Crypto Holdings, With The Broader Market Confidentnce Perstoring Despite Individual Token Swings and Near-Term UNCERTATERTATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATAT.
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Omkar Holds A Master’s Degree in Finance and A Charterred Market Technician (CMT) Designation.
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