Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

1 month ago

The cryptocurrency marketplace is feeling the effects of shifting planetary economical conditions arsenic Shiba Inu (SHIB) faces important downward pressure.

The meme token's caller terms enactment shows a wide downtrend with consecutive little highs, breaking done aggregate enactment levels.

The astir aggravated selling occurred during the 07:00 hr erstwhile terms collapsed to 0.0000149, with measurement astir doubling the mean trading rate.

Technical Analysis Highlights

SHIB dropped from 0.0000159 to 0.0000149, representing a 6.4% diminution with an wide scope of 0.0000012 (7.5%).
Price enactment formed a wide downtrend with consecutive little highs, breaking done aggregate enactment levels astir 0.0000156 and 0.0000152.
High-volume selling occurred during the 07:00 hr erstwhile terms collapsed to 0.0000149, with measurement exceeding 1.43 trillion SHIB—nearly treble the mean trading volume.
Formation of absorption astatine 0.0000152 and enactment astatine 0.0000148 suggests imaginable consolidation earlier the adjacent directional move.
In the past hour, SHIB experienced important volatility with a crisp diminution from 0.0000151 to 0.0000147, followed by a humble betterment to 0.0000149.
Most aggravated selling unit occurred betwixt 13:33-13:36, with measurement spiking to implicit 83 cardinal SHIB astatine 13:35, establishing a captious enactment portion astir 0.0000148.
Price enactment formed a V-shaped betterment signifier aft reaching the league debased of 0.0000147 astatine 13:51, with expanding buying momentum pushing SHIB backmost supra the 0.0000148 level.

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