Shiba Inu meme token ($SHIB ) has completed a major bullish reversal pattern as ETF speculation drives the $BONK coin.

To rise.

SHIB has gained 5.2% over the past 24 hours, rising from $0.00001136 to $0.00001195 with significant volume increases, establishing a new support level at the high-volume support level of $0.00001162.

The rise indicated the completion of an inverse head and shoulders pattern on the hourly chart, confirming an upward shift in momentum. An inverse head and shoulders pattern, which appears after a significant sell-off, forms, as in the case of $SHIB

, of three depressions, the middle depression being the lowest and flanked by two shallow depressions of equal distance on either side.

“Technical indicators point to continued upward momentum as SHIB maintains price above newly established support levels,” said CoinDesk AI research.

Key AI Insights

  • #SHİB showed significant strength over the 24-hour period from 12:00 AM on July 2nd to 11:00 AM on July 3rd, rising from $0.00001136 to $0.00001200, representing a gain of 5.65% with a price range of $0.00000081.

  • The token saw a significant volume spike at 16:00 on July 2 (1.68 billion), establishing a high-volume support level at $0.00001162.

  • The 24-hour trading volume profile confirms strong buyer interest, especially during the European trading session.

  • During the 60 minutes from 10:09 to 11:08 on July 3, SHIB saw significant volatility, starting at $0.00001204 before dropping to $0.00001199, representing a 0.41% decrease.

  • A significant volume spike occurred at 10:18 (15.01B), followed by an even larger spike at 11:04 (20.94B), coinciding with the price rebounding from the session low of $0.00001195 at 10:50.

  • The 5-hour period between 05:00 and 10:00 on July 3 saw sustained trading above $0.0000120, forming a new resistance area.

BONK height

BONK, a meme coin created on the Solana blockchain in late 2022, has surged 23% to $0.00001665 over the past 24 hours, becoming the best-performing cryptocurrency among the top 100 by market cap.

According to CoinDesk's AI, the rally was characterized by three distinct waves, with the most aggressive buying occurring between 23:00 and 01:00, when volume peaked at nearly 3 trillion units, establishing a high-volume support area around $0.0000161.

The cryptocurrency is also approaching the one million holder mark. This positive development comes on the heels of reports that the proposed Tuttle Capital 2x Long BONK ETF has taken a procedural step forward.

In terms of technical analysis, the hourly BONK price chart shows an inverse head and shoulders pattern similar to SHIB, indicating a bullish reversal.

Key AI Insights

  • The BONK-USD pair showed significant strength over the 24-hour period from 12:00 AM on July 2nd to 11:00 AM on July 3rd, rising from $0.0000142 to $0.0000167, representing a gain of 17%.

  • A large price range of $0.00000345 (24%) was observed, with strong volume-supported resistance at $0.0000174 during 5:00 AM on July 3.

  • During the 60 minutes of July 3, from 10:34 to 11:33, the BONK-USD pair experienced significant volatility, declining by 1.35% from $0.00001689 to $0.00001667.

  • A notable sell-off occurred at 10:42 when the price dropped 7.6% amid a peak volume of 95.9 billion units. #NFPWatch #BTCReclaims110K #REX-OSPREYSolanaETF #DYMBinanceHODL