SHIB Maintains Key Support Level with Volume Spike Nearly Fourfold
SHIB has shown resilience amid market volatility, indicating growing investor confidence. Key observations include:
- SHIB rose from 0.0000146 to 0.0000150, a 2.85% gain with a range of 0.00000081 (5.64%).
- Price dropped to 0.0000143 at 17:00 but recovered due to strong volume support.
- A volume spike of 2.83 trillion, nearly 4x the average, aided recovery.
- Resistance at 0.0000151 was tested twice, with accumulation patterns forming.
- High-volume candles between 23:00 and 01:00 established a base above 0.000015.
- At 01:22, SHIB surged past 0.0000151, reaching 0.00001514 by 01:31.
- Trading volumes peaked during the 01:36 candle, recording nearly 80 billion.
- A correction occurred at 01:37-01:38, dropping 5% to 0.00001505 before consolidating.