Shiba Inu Sparks Interest with Bullish Trends
2025-06-30 12:16:57
Main Idea
Shiba Inu (SHIB) is showing bullish signals with a 'golden cross' pattern and increased trading volume, while whales have made significant purchases, but it faces resistance and potential downward risks.
Key Points
1. Shiba Inu (SHIB) is displaying a 'golden cross' pattern on the hourly chart, where the 50-day moving average surpasses the 200-day moving average, indicating potential bullish momentum.
2. SHIB's trading volume has visibly increased in recent days, suggesting growing market interest.
3. Whales have purchased approximately 10.4 trillion SHIB coins (valued at around $110 million) after SHIB hit its lowest level in 16 months.
4. SHIB's price recovered by 11% last week but faces a critical resistance zone between $0.00001180 and $0.00001190; staying above this level could lead to a rise toward $0.00001220.
5. Downward risks remain, with SHIB reverting to a support zone around $0.00001145, and sellers potentially targeting $0.00001140.
Description
Shiba Inu (SHIB) shows bullish signals after weeks of sideways movement. Increased trading volume indicates growing investor interest. Continue Reading: Shiba Inu Sparks Interest with Bullish Trends The post Shiba Inu Sparks Interest with Bullish Trends appeared first on COINTURK NEWS .
Latest News
- The Rediscovered Fortune: Millions in Bitcoin Spring Back to Life2025-07-05 13:49:03
- Canada Experiments with a New Digital Dollar Model2025-07-05 12:55:56
- Tom Lee Claims Ethereum Boasts Untapped Value Potential2025-07-05 11:54:00
- Ripple’s Strategic Move: Will RLUSD Impact XRP’s Future?2025-07-05 10:40:49
- The Cryptocurrency Market Faces Turbulence as Old Bitcoin Whales Act2025-07-05 09:25:34