Shiba Inu Price Rises Over 2% as Bulls Maintain Key Support Levels

Shiba Inu (SHIB) Update

  • SHIB gained over 2% in 24 hours, supported by strong trading volumes.
  • Price dropped initially due to market de-risking ahead of Fed Chair Jerome Powell's speech.
  • Buyers defended the $0.00001200 support level, leading to a recovery above key levels.
  • Current price range is between $0.000012089 and $0.000012705, with resistance at $0.000012600 breached.
  • Next target for bulls: $0.000012700 psychological level.
  • Institutional interest peaked during midday, with trading volume exceeding 1 trillion tokens.
  • CD20 Index showed steady performance amid SHIB volatility, reflecting ongoing institutional selectivity.

SHIB. (TradingView)