Shiba Inu Bulls Defend Dual Support With 1T Volume. What Next?
Shiba Inu
The meme cryptocurrency fell early Wednesday as BTC and the broader market witnessed de-risking ahead of Fed Chair Jerome Powell's impending speech.
Buyers, however, stepped in closer to the $0.00001200 level, ensuring that the psychological support was maintained. The subsequent recovery also lifted prices back above the ascending trendline connecting June 22 and Aug. 2 lows, and the key level of $0.00001231, which is the 61.8% Fibonacci retracement of the June-July rally.
Bulls fuel SHIB comeback
SHIB shakes off volatility, powers from $0.000012295 to $0.000012574 close on heavy bullish flow. Token holds critical support, smashes through resistance barriers. Next target: $0.000012700 psychological level.
According to CoinDesk's AI technical insights model, $0.000012700 is the next level to beat for the bulls.
Technical data points to a bullish breakout
- SHIB traded within a $0.000012089-$0.000012705 range, which represents a 5% spread between session extremes.
- Institutional interest peaked between 13:00 and 14:00, andvolume surged past 1 trillion tokens.
- The price held above $0.000012250, confirming a strong demand floor.
- Mid-session selling pressure at 13:00 failed to crack $0.000012089 support.
- Resistance at $0.000012600 was penetrated, triggering a volume surge to 12.8 billion tokens.
CD20 Index Holds Steady Amid Token Volatility
CD20 maintained range-bound trading as SHIB volatility spiked. The Index reflected institutional selectivity across major crypto holdings, with the broader market confidence persisting despite individual token swings and near-term uncertainty.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia's AI Boom Fueled by Cloud Giants, Hobbled by China's Clampdown
- Nvidia reported 56% YoY revenue growth in Q2 2025, driven by AI chip demand from cloud providers expanding generative AI infrastructure. - Q3 revenue forecast of $54B exceeded expectations despite zero H20 chip sales to China and geopolitical tensions impacting 13% of its revenue. - A 15% revenue-sharing deal with Trump eased U.S. restrictions on China sales, but Beijing's security warnings halted H20 production and pressured gross margins. - Chinese rivals like Cambricon gained traction, reporting 4,000
Stablecoins Go Mainstream as Circle, Mastercard, and Finastra Redefine Global Payments
- Circle partners with Mastercard and Finastra to expand USDC usage in global payments, targeting EEMEA and 50+ countries via stablecoin settlements. - Mastercard’s EEMEA initiative enables merchants to settle in USDC/EURC, reducing costs and volatility risks for SMEs. - Finastra integrates USDC into its Global PAYplus platform, processing $5T daily, enhancing cross-border efficiency. - Circle’s Asia expansion includes partnerships with Korean banks and Japan’s JPYC, aligning with U.S. regulatory progress
Solana News Today: Robinhood and Whales Fuel Solana’s $200 Rally as $1B Treasury Talks Emerge
- Solana (SOL) surged past $200 on August 26, 2025, driven by Robinhood’s micro futures and increased whale accumulation in the $190–$200 range. - Market cap hit $112.5B with 176% higher daily volume, while on-chain buybacks jumped 158% to $46.8M, reflecting ecosystem confidence. - Institutional interest intensified via VanEck’s JitoSOL ETF filing and a potential $1B Solana treasury fund, mirroring Bitcoin’s staking strategy. - Technical analysis highlights $210 resistance and $195 support, with bullish RS
Trump's Attempted Removal of Fed Governor Lisa Cook: A Threat to Market Stability and Central Bank Independence
- Trump's 2025 attempt to remove Fed Governor Lisa Cook threatens central bank independence, risking U.S. economic governance credibility. - Market reactions included 12% gold surge and Bitcoin's 10% rebound post-Jackson Hole, highlighting crypto's role as inflation hedge. - Investors now prioritize diversification into gold, TIPS, and 5-10% crypto allocations to mitigate politicized monetary policy risks. - Legal battle over Cook's removal could set dangerous precedent, enabling partisan manipulation of m
Trending news
MoreCrypto prices
More
