CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-05-20 09:47:10

SHIB Jumps Nearly 7% as Bulls Break Through Resistance on Heavy Buying

The Shiba Inu token has demonstrated remarkable resilience despite broader market volatility, successfully breaking through key resistance levels while maintaining position above all major moving averages, according to CoinDesk Research's technical analysis data model. Technical indicators suggest continued bullish sentiment, though short-term price action shows some consolidation after the recent gains. Market analysis reveals approximately 80% of SHIB holders are currently underwater at current prices, with only 16.59% in profit. However, this hasn't dampened community enthusiasm as development continues on Shibarium, the Layer 2 scaling solution designed to enhance SHIB's utility beyond its meme coin origins. 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. External References " Shiba Inu Price Prediction for May 19: Can SHIB Extend Its Bullish Reversal Above 0.000015? ", Coin Edition, published May 18, 2025. " AI predicts Shiba Inu price for June 1, 2025 ", Finbold, published May 19, 2025.

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine