Shiba Inu coin ($SHIB ), the second-largest meme coin by market capitalization in the world, faced selling pressure alongside losses in the broader cryptocurrency market and U.S. stocks.

Fell $SHIB

By more than 3.5% to 0.00001134, a level last seen on April 9, according to data source CoinDesk. Bitcoin, the leading cryptocurrency by market capitalization, fell by nearly 3% to $103,800. Risk aversion occurred after President Donald Trump downplayed reports that his administration is seeking a truce with Iran and threatened the assassination of Iranian Supreme Leader Ayatollah Ali Khamenei, calling for Iran's unconditional surrender in the ongoing war with Israel.

The decline $SHIB follows a rejection at the resistance level of $0.00001230 on Monday, paving the way for sales with trading volumes exceeding 1.2 billion coins.

Support briefly appeared around $0.00001167 earlier today, but was ultimately broken by the bears, pushing prices down.

Market analysts note that the performance #SHİB reflects broader cryptocurrency market trends, which are still influenced by global economic factors and trade disputes among major economies.

As traditional financial markets respond to these tensions, cryptocurrencies like SHIB face increasing volatility while traders closely monitor key support and resistance levels for signs of directional movement.

Key AI insights (Monday-Tuesday)

  • Clear rejection at the resistance level of $0.0000123 during the time period of 20:00-21:00.

  • Aggressive selling with exceptionally high volume (1.23 billion and 1.31 billion) during the period of 22:00-00:00.

  • Support appeared around $0.00001167, coinciding with high buying interest.

  • Downward momentum seems to be losing strength as the price consolidates in the range of $0.00001176-$0.00001182.

  • A decrease in selling pressure is evident with declining trading volume.

  • Increased volatility in the last hour, showing a notable price structure between $0.00001175-$0.00001182.

  • The recovery attempt reached a local high of $0.00001182 at 13:30, accompanied by large volume (8.8 billion).

  • The upward momentum was short-lived as sellers returned at 13:44, pushing the price down by 3% with exceptional volume (9.7 billion).

  • The last minutes show consolidation around $0.00001175, with declining volatility and volume indicating exhaustion of selling pressure. #SHIBUSDT