SHIB Gets Crushed: Meme Coin Tumbles Below Key Indicator After Overnight Sell-Off
Shiba Inu’s bark turns to whimper as it slips beneath the Ichimoku Cloud—a technical red flag for traders—following a high-volume overnight exodus. The dog-themed crypto, once the darling of retail gamblers—sorry, ’investors’—now faces mounting pressure as momentum fizzles.
No fundamentals were harmed in the making of this dip—just another day in the meme-coin casino. Will SHIB hodlers double down or cut losses? Place your bets.
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.
