coindesk.com
Shiba inu
The Ichimoku Cloud, a technical indicator developed by a Japanese journalist in the 1960s, is used to analyze market trends, identify support and resistance levels, and gauge momentum. It is composed of several lines and a cloud-like area, all of which provide insights into potential price movements.
Crossovers above and below the cloud represent bullish and bearish shifts in market trends.
$SHIB experienced high-volume selling at key resistance at 0.00001307 on Sunday between 6:00 and 22:00 UTC, and subsequently fell back to 0.00001274, staying in the bearish territory below the Ichimoku cloud.
Geopolitical tensions and shifting trade policies continue to influence cryptocurrency markets, with Shiba Inu ($SHIB) demonstrating resilience amid broader economic uncertainty.
While maintaining its newly established higher range, $SHIB faces significant resistance as global trade disputes impact investor sentiment across both traditional and digital asset classes.
Key technical insights
- Key resistance emerged at 0.00001307, with high volume selling pressure during the 16:00 and 22:00 sessions.
- Strong support formed at 0.00001275, backed by above-average volume during the 03:00 reversal.
- In the last hour, $SHIB experienced significant volatility with a notable price surge from 0.00001289 to 0.00001293 during the 07:13-07:19 period.
This bullish momentum reversed sharply at 07:27, when prices dropped 1.2% to 0.00001283, forming a clear resistance zone around 0.00001293. - The final 30 minutes showed consolidation between 0.00001283 and 0.00001285, with decreasing volume suggesting exhaustion following the earlier volatility.