Shiba Inu (SHIB) Price Drops 6.4% Amid Increased Selling Pressure
The cryptocurrency market is experiencing downward pressure, particularly impacting Shiba Inu (SHIB). Recent price movements indicate a clear downtrend.
- SHIB decreased from 0.0000159 to 0.0000149, marking a 6.4% drop with a total range of 0.0000012 (7.5%).
- The price broke through support levels at 0.0000156 and 0.0000152.
- High-volume selling occurred at 07:00, with the price dropping to 0.0000149 and trading volume reaching 1.43 trillion SHIB, nearly double the average.
- Resistance is forming at 0.0000152 and support at 0.0000148, indicating potential consolidation ahead.
- In one hour, SHIB showed volatility, falling from 0.0000151 to 0.0000147 before recovering slightly to 0.0000149.
- The most intense selling was noted between 13:33-13:36, with volume spiking to over 83 billion SHIB, establishing critical support around 0.0000148.
- A V-shaped recovery was observed after reaching a low of 0.0000147 at 13:51, with buying momentum pushing SHIB above 0.0000148.