“SHIB OUTPORFORMS BTC AMID REPORTS OF A Massive Whale Transaction.”, – WRITE: www.coindesk.com
HAS CHALKED OUT A 3% RECOvery from Overnight Lows Under $ 0.00001200, Outperforming Bitcoin
Despite Reports of A Massive Whale Transaction.
On Thursday, Shib ExperienCed A Significant 7.7% Correction, Dropsing To 0.0000119 Before Finding Strong Support at the 0.0000120 Level. PRICES HAVE SINCE BUNCED TO $ 0.00001241, Account to Coindesk Data.
A Massive Whale Transaction of 2.87 Trillion Shib, WORTH $ 36 Million to Coinbase Institutional, Initial Trigger Market Concens, Accounting To Condesk’s AI Resengearch. The transaction, However, Was Later Identified As Being Associated with Market Maker Custhody Racher Than A whale look to sell coins.
However, Despite The Recovery, Shib Still Trades 10% Lower for the Week As Investors Navigate Broader Market Pressures. Furthermore, The Cryptocurrency Remains Stuck in A Downward-Trender Channel, Identified by Trendlines Connecting the Highs on May 12 And May 23 and The Lad On May 17.
Shib’s Daily Price Chart. (TradingView/Coindesk)
Ai Technical Insights for the Past 24 Hours
- Shib Droped from 0.0000129 to a Low of 0.0000119, Representing A 7.7% Decline with Exceptionally High Volume (2.9b) Durying The 19:00 Hour Sell-Off.
- The Price Found Strong Support at the 0.0000120 Level, With Accuumulation EvidenCed by Above-Average Volume, Establishing A Clear Demand Zone.
- An ascending Support Trendline Has Formed During the Recovery Phase, with The Price Stabilizing Arund 0.0000122, Approximately 4.9% Above the Period Low.
- Shib Demonstrated A Significant Recovery Pattern in the Last Hour, Climbing with Notable Volume Spikes.
- Substantial Accompumulation Occurred at 07:55 With Exceptionally High Volume (32.3b).
- A Clear Resistance Zone Emerged at 0.0000123, Which Was Successful Breached During the Final Minutes of the Period.
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