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SHIB Jumps Nearly 7% as Bulls Break Through Resistance on Heavy Buying. Technical Analysis Highlights SHIB demonstrated remarkable resilience over the 24-hour period, climbing from a low of 0.00001399 to a high of 0.00001492, representing a 6.7% range. The price action formed a clear uptrend with higher lows establishing support at 0.00001428. Significant volume spikes above the 24-hour average at 13:00 and 02:00 confirmed strong buying interest. Notable resistance emerged at 0.00001467, though SHIB successfully broke through this level in the final hours. SHIB closed at 0.00001474 with momentum indicators suggesting continued bullish sentiment. The token maintains position above all key moving averages. In the last hour, SHIB experienced notable volatility with a clear downtrend, falling from 0.00001485 to 0.00001475, representing a 0.7% decline. The token reached its peak at 0.00001487 at 02:34 before encountering selling pressure. Selling pressure intensified around 02:45-02:47, pushing prices to a session low of 0.00001471. Volume analysis reveals significant distribution at higher levels, particularly during the 02:42 and 03:04 candles. • Above-average volume coincided with price rejections. • Despite a modest recovery attempt in the final minutes with higher lows forming around 0.00001474, SHIB remains below the key resistance established during the previous 24-hour rally.
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1 Top Cryptocurrency to Buy Before It Soars 12,521%, According to Michael Saylor. Key Points • In his base case, tech entrepreneur Michael Saylor thinks 7% of the world’s wealth will flow to this top cryptocurrency in 20 years. • By having a fixed supply cap that cannot be altered, this digital asset has appreciated in remarkable fashion in the past. • Even with the cryptocurrency trading close to its all-time high, investors have meaningful long-term upside.
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Shiba Inu (SHIB) Burns on Verge of Exceeding 410 Trillion. As the total number of coins burned gets closer to the symbolic 410 trillion milestone, Shiba Inu is once again raising questions about the supply squeeze potential it has. Although this number may initially appear, the context is crucial, particularly for traders who may interpret it as a bullish trigger. The most recent tokenomics data indicates that between burn mechanism inception and 2023, more than 410 trillion SHIB were taken out of circulation - mostly as a result of extensive burn initiatives Read more on U.Today https://u.today/shiba-inu-shib-burns-on-verge-of-exceeding-410-trillion
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Altcoin season is over: Here’s what can make a project thrive. The quantity crisis: Too many coins, too little value While the official altcoin count is 13.24 million, the actual figure likely exceeds 36 million. In theory, such explosive growth could signal a thriving ecosystem if these tokens delivered real value. Yet, most of the assets in circulation are born out of the lingering memecoin mania.
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