Latest news with #technicalAnalysis
Yahoo
22-05-2025
- Business
- Yahoo
SHIB Holds Strong Above Key Support as Volume Spikes Nearly 4x
SHIB's remarkable resilience during the recent trading session demonstrates growing investor confidence despite market turbulence. The token's ability to recover from a sudden drop to 0.0000143 with extraordinary volume support suggests institutional accumulation rather than retail panic. With the psychological support at 0.000015 holding firm and multiple tests of upper resistance, SHIB appears poised for potential continuation of its upward trajectory if current accumulation patterns persist. Technical Analysis Highlights SHIB demonstrated remarkable resilience over the 24-hour period, climbing from 0.0000146 to 0.0000150, representing a 2.85% gain with a range of 0.00000081 (5.64%). The token experienced significant volatility at 17:00 when price plummeted to 0.0000143 before finding strong volume support. A massive 2.83 trillion volume spike—nearly 4x the average—provided crucial support during the recovery phase. Key resistance at 0.0000151 was tested twice during the period, with accumulation patterns forming in the final hours. Three consecutive high-volume candles (23:00-01:00) established a solid foundation above the 0.000015 psychological level. In the last hour, SHIB exhibited notable volatility with a significant price surge at 01:22 when it broke above the 0.0000151 resistance level, reaching 0.00001514 by 01:31. Elevated trading volumes supported the bullish momentum, particularly during the 01:36 candle which recorded nearly 80 billion in volume. A sharp correction at 01:37-01:38 dropped the price 5% to 0.00001505, before establishing a consolidation pattern. External References "Analyst Says When This Shiba Inu Breakout Happens, You'll Want a Piece of SHIB", The Crypto Basic, published May 21, 2025. "Shiba Inu (SHIB) Primed for Breakout as Accumulation and Burn Rate Surge", Coin Edition, published May 21, 2025.
Yahoo
18-05-2025
- Business
- Yahoo
BNB Trades in Tight Range Amid Decreasing Volatility
The cryptocurrency market continues to navigate complex global economic conditions as BNB trades within a tight consolidation range between $636-$646, according to CoinDesk Research's technical analysis data model. The token's price action shows resilience amid international trade disputes, with higher lows forming since recent dips while resistance remains firm around the $643-$645 zone. Decreasing volume volatility suggests energy buildup for a potential breakout, though direction remains uncertain as traders closely monitor both technical patterns and macroeconomic developments affecting market sentiment. Technical Analysis Highlights BNB traded within a narrow $9.67 range (1.52%) between $636.25 and $645.92 over 24 hours. Price formed a series of higher lows since the 13:00 dip, establishing support around $638-$640. Resistance emerged near $643-$645 with notable volume spikes during recovery rallies. Closing price of $642.59 suggests a neutral-to-slightly-bullish bias as BNB maintains position above mid-range. Decreasing volume volatility indicates potential energy buildup for a more decisive move. In the last hour, BNB showed bullish momentum, climbing from $641.21 to $643.09 (0.29% gain). Significant volume spikes occurred during upward moves at 01:54-01:55 when BNB broke above $642.60. A brief pullback to $640.57 at 01:32 established a strong support zone with aggressive buying. Hourly close showed consolidation near the high, suggesting potential uptrend continuation. Immediate resistance sits at $643.25. Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. This article may include information from external sources, which are listed below when applicable.
