{"id":29783,"date":"2025-06-02T13:19:08","date_gmt":"2025-06-02T13:19:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29783"},"modified":"2025-06-02T13:19:08","modified_gmt":"2025-06-02T13:19:08","slug":"shib-under-pressure-below-ichimoku-cloud-after-high-volume-overnight-selling","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29783","title":{"rendered":"SHIB Under Pressure, Below Ichimoku Cloud After High-Volume Overnight Selling"},"content":{"rendered":"<div>\n<p>Shiba inu SHIB, the world&#8217;s second-largest meme token by market value, trades in the bearish territory below the Ichimoku cloud after facing high-volume selling overnight.<\/p>\n<p>The Ichimoku Cloud, a technical indicator developed by a Japanese journalist in the 1960s, is used to analyze market trends, identify support and resistance levels, and gauge momentum. It is composed of several lines and a cloud-like area, all of which provide insights into potential price movements.<\/p>\n<p>Crossovers above and below the cloud represent bullish and bearish shifts in market trends.<\/p>\n<p>SHIB experienced high-volume selling at key resistance at 0.00001307 on Sunday between 6:00 and 22:00 UTC, and subsequently fell back to 0.00001274, staying in the bearish territory below the Ichimoku cloud.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/d1881c1333b248629a787633c4cb01f2e978c6ce-2848x1352.png?auto=format\" alt=\"SHIB's price chart. (TradingView\/CoinDesk)\" title=\"SHIB's price chart. (TradingView\/CoinDesk)\"><\/p>\n<p>Geopolitical tensions and shifting trade policies continue to influence cryptocurrency markets, with Shiba Inu (SHIB) demonstrating resilience amid broader economic uncertainty.<\/p>\n<p>While maintaining its newly established higher range, SHIB faces significant resistance as global trade disputes impact investor sentiment across both traditional and digital asset classes.<\/p>\n<h2>Key technical insights<\/h2>\n<ul>\n<li>Key resistance emerged at 0.00001307, with high volume selling pressure during the 16:00 and 22:00 sessions.<\/li>\n<li>Strong support formed at 0.00001275, backed by above-average volume during the 03:00 reversal.<\/li>\n<li>In the last hour, SHIB experienced significant volatility with a notable price surge from 0.00001289 to 0.00001293 during the 07:13-07:19 period.<br \/>This bullish momentum reversed sharply at 07:27, when prices dropped 1.2% to 0.00001283, forming a clear resistance zone around 0.00001293.<\/li>\n<li>The final 30 minutes showed consolidation between 0.00001283 and 0.00001285, with decreasing volume suggesting exhaustion following the earlier volatility.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba inu SHIB, the world&#8217;s second-largest meme token by market value, trades in the bearish territory below the Ichimoku cloud after facing high-volume selling overnight. The Ichimoku Cloud, a technical indicator developed by a Japanese journalist in the 1960s, is used to analyze market trends, identify support and resistance levels, and gauge momentum. It is [&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-29783","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\/29783","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=29783"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29783\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}