SHIB Takes a Beating—Tumbles Below Key Ichimoku Level Amid Overnight Sell-Off Frenzy
Memecoin’s brutal wake-up call as SHIB gets crushed under heavy selling pressure.
Technical breakdown: The dog-themed token nosedived below the Ichimoku Cloud—a critical support level—after a high-volume overnight dump. Traders are now watching to see if this is just a shakeout or the start of something uglier.
Meanwhile, ’serious investors’ are busy explaining how this volatility was totally predictable—right after it happened, of course.
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.
