{"id":27644,"date":"2025-05-20T11:01:55","date_gmt":"2025-05-20T11:01:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27644"},"modified":"2025-05-20T11:01:55","modified_gmt":"2025-05-20T11:01:55","slug":"shib-jumps-nearly-7-as-bulls-break-through-resistance-on-heavy-buying","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27644","title":{"rendered":"SHIB Jumps Nearly 7% as Bulls Break Through Resistance on Heavy Buying"},"content":{"rendered":"<div>\n<p>The Shiba Inu token has demonstrated remarkable resilience despite broader market volatility, successfully breaking through key resistance levels while maintaining position above all major moving averages, according to CoinDesk Research&#8217;s technical analysis data model.<\/p>\n<p>Technical indicators suggest continued bullish sentiment, though short-term price action shows some consolidation after the recent gains. <\/p>\n<p>Market analysis reveals approximately 80% of SHIB holders are currently underwater at current prices, with only 16.59% in profit. <\/p>\n<p>However, this hasn&#8217;t dampened community enthusiasm as development continues on Shibarium, the Layer 2 scaling solution designed to enhance SHIB&#8217;s utility beyond its meme coin origins.<\/p>\n<p><strong>Technical Analysis Highlights<\/strong><\/p>\n<ul>\n<li>SHIB demonstrated remarkable resilience over the 24-hour period, climbing from a low of 0.00001399 to a high of 0.00001492, representing a 6.7% range.<\/li>\n<li>The price action formed a clear uptrend with higher lows establishing support at 0.00001428.<\/li>\n<li>Significant volume spikes above the 24-hour average at 13:00 and 02:00 confirmed strong buying interest.<\/li>\n<li>Notable resistance emerged at 0.00001467, though SHIB successfully broke through this level in the final hours.<\/li>\n<li>SHIB closed at 0.00001474 with momentum indicators suggesting continued bullish sentiment.<\/li>\n<li>The token maintains position above all key moving averages.<\/li>\n<li>In the last hour, SHIB experienced notable volatility with a clear downtrend, falling from 0.00001485 to 0.00001475, representing a 0.7% decline.<\/li>\n<li>The token reached its peak at 0.00001487 at 02:34 before encountering selling pressure.<\/li>\n<li>Selling pressure intensified around 02:45-02:47, pushing prices to a session low of 0.00001471. <\/li>\n<li>Volume analysis reveals significant distribution at higher levels, particularly during the 02:42 and 03:04 candles. \u2022 <\/li>\n<li>Above-average volume coincided with price rejections. \u2022 <\/li>\n<li>Despite a modest recovery attempt in the final minutes with higher lows forming around 0.00001474, SHIB remains below the key resistance established during the previous 24-hour rally.<\/li>\n<\/ul>\n<p><strong>External References<\/strong><\/p>\n<ul>\n<li>&#8220;<a href=\"https:\/\/coinedition.com\/shiba-inu-price-prediction-for-may-19-can-shib-extend-its-bullish-reversal-above-0-000015\/\">Shiba Inu Price Prediction for May 19: Can SHIB Extend Its Bullish Reversal Above 0.000015?<\/a>&#8220;, Coin Edition, published May 18, 2025.<\/li>\n<li>&#8220;<a href=\"https:\/\/finbold.com\/ai-predicts-shiba-inu-price-for-june-1-2025\/\">AI predicts Shiba Inu price for June 1, 2025<\/a>&#8220;, Finbold, published May 19, 2025.<\/li>\n<\/ul>\n<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Shiba Inu token has demonstrated remarkable resilience despite broader market volatility, successfully breaking through key resistance levels while maintaining position above all major moving averages, according to CoinDesk Research&#8217;s technical analysis data model. Technical indicators suggest continued bullish sentiment, though short-term price action shows some consolidation after the recent gains. Market analysis reveals approximately [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27644","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27644"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27644\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}