Shiba Inu’s Bullish Inverse H&S Pattern Sparks Rally as BONK ETF Hype Hits Fever Pitch—1M Holders Locked In
Shiba Inu isn’t just barking—it’s roaring. The meme coin’s inverse head-and-shoulders pattern has traders scrambling as BONK rides the ETF speculation wave straight into the spotlight. One million holders? That’s not a milestone—it’s a movement.
### The Chart That’s Breaking the Internet
Forget textbook TA—SHIB’s inverse H&S is the kind of pattern that makes even Bitcoin maximalists glance sideways. A breakout here could send the token into uncharted territory, leaving bagholders from 2021 wiping their tears with diamond hands.
### BONK’s ETF Gambit: Genius or Desperation?
While Wall Street debates spot Bitcoin ETFs, BONK’s community is front-running the narrative with meme-fueled fervor. Because nothing says 'legitimacy' like dog-themed coins piggybacking on financial infrastructure. Cynical? Maybe. Profitable? Ask the 1M holders.
### The Verdict: Meme Coins Eat Fundamentals for Breakfast
SHIB’s technicals scream upside, BONK’s ETF dreams defy logic, and retail? They’re all-in. In a market where rationality takes a backseat to hype, these dogs might just have their day—again.
Key AI insights
- SHIB demonstrated remarkable strength during the 24 hours from July 2, 12:00 to July 3, 11:00, climbing from $0.00001136 to $0.00001200, representing a 5.65% gain with a price range of $0.00000081.
- The token experienced a significant volume spike at 16:00 on July 2 (1.68B), establishing a high-volume support level at $0.00001162.
- The 24-hour volume profile confirms strong buyer interest, particularly during the European trading session.
- During the 60 minutes from 3 July 10:09 to 11:08, SHIB experienced notable volatility, initially trading at $0.00001204 before declining 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 a price recovery 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 zone.
BONK surges
BONK, a memecoin built on the Solana blockchain in late 2022, has surged 23% to $0.00001665 in the past 24 hours, becoming the best-performing top 100 cryptocurrency by market value.
According to CoinDesk's AI, the rally featured 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 zone around $0.0000161.
The cryptocurrency also approached a one-million holder milestone. These bullish developments follow reports that Tuttle Capital’s proposed 2x Long BONK ETF has taken a procedural step forward.
Speaking of technical analysis, BONK's hourly price chart displays a SHIB-like inverse head-and-shoulders bullish reversal pattern.
Key AI insights
- BONK-USD demonstrated remarkable strength over the 24 hours from 2 July 12:00 to 3 July 11:00, surging from $0.0000142 to $0.0000167, representing a 17% gain.
- A significant price range of $0.00000345 (24%) was observed, with strong volume-supported resistance at the $0.0000174 level during the 5:00 hour on July 3rd.
- During the 60 minutes from July 3, 10:34 to 11:33, BONK-USD experienced significant volatility, declining 1.35% from $0.00001689 to $0.00001667.
- A notable sell-off occurred at 10:42 when the price dropped 7.6% amid peak volume of 95.9 billion units.
