Newer Bitcoin treasury companies have not yet been battle-tested in prolonged bear market conditions, the Bitcoin maximalist said.

Bitcoin advocate Max keiser casts doubt over new BTC treasury companies

Despite almost $100M loss last week, James Wynn is back in the game, having 
recently sold $4.12M worth of HYPE for over $1M profit and then opened a new 
945 BTC long position with 40x leverage. According to Lookonchain, James…

James Wynn offloads $4.12M HYPE and takes another $100M 40x-leveraged long bet on Bitcoin

Shiba Inu (SHIB) recently endured a sharp sell-off, plummeting from 
$0.00001500 to $0.00001250 between May 29-30, evident in the volume spike 
during the drop. However, the subsequent slower recovery and declining volume 
suggest the meme coin may now be entering a consolidation phase, quietly 
forming a potential base below recent highs. A Breakdown Of The May 29-30 Drop 
According to a recent update by Crypto Man MAB on X, SHIB continues to show 
signs of weakness in the short and long term. The meme coin is currently 
trading at $0.00001266, reflecting a modest +0.47% decline in the past 24 
hours. In a larger time frame, SHIB has lost 3.80% over the past 30 days and a 
significant 54.73% over the last 180 days, underlining a persistent bearish 
trend. Related Reading: Shiba Inu Trapped Inside Triangle: 17% Move Incoming? 
From a technical standpoint, the chart reveals a sharp price drop between May 
29 and May 30, where SHIB fell swiftly from the $0.00001500 region down to 
$0.00001250. This sudden decline points to intense selling pressure, likely 
driven by broader market uncertainty or profit-taking. However, the price has 
since found some footing, showing early signs of stabilization and potential 
consolidation in the lower range. During the steep decline, volume analysis 
shows a notable spike in trading activity, suggesting panic selling or large- 
scale exits by holders. However, volume has tapered off following the drop, 
which often signals that selling activity is cooling down. Overall, Shiba Inu 
appears to be hovering in a consolidation zone, and key support or resistance 
levels must be tested before the next major move unfolds. Whether the market 
will witness a bounce or further breakdown could depend on broader sentiment 
and if buyers step back in with conviction. Support And Resistance In Shiba 
Inu&#8217;s Recent Performance Crypto Man MAB observed that SHIB has found short- 
term support around $0.00001250 after its recent drop, suggesting selling 
pressure has eased. Meanwhile, key resistance sits between $0.00001350 and 
$0.00001400, where Shiba Inu previously struggled to move higher. Related 
Reading: Shiba Inu Bulls Roar To Life After Breakout—Next Price Targets The 
24-hour price range remains tight, fluctuating between $0.00001257 and 
$0.00001308. However, the sharp decline seen earlier still signals caution, 
especially with volume dropping off during the consolidation phase. Overall, 
the sentiment stays bearish. Without a clear reversal or breakout, the current 
trend favors the bears, and further downside risk can&#8217;t be ruled out. In 
conclusion, the analyst noted that Shiba Inu remains in a bearish trend, 
currently consolidating near the $0.00001250 support. A breakout above 
$0.00001350 could signal renewed bullish momentum, while a drop below 
$0.00001250 may lead to further downside. Monitoring volume and overall market 
sentiment is key to confirming the next move. Featured image from Getty 
Images, chart from Tradingview.com

Shiba Inu Crash To Calm – Is SHIB Forming A Base Below?

Welcome to Latam Insights Encore, a deep dive into Latin America’s most 
relevant economic and crypto news from the past week. This edition explores 
how the recent crypto ban in Bolivia, pertaining to the use of crypto for 
energy imports, could backfire in the future. Latam Insights Encore: Bolivia 
Excludes Crypto From Energy Settlements Let&#8217;s […]

Latam Insights Encore: Bolivia’s New Anti-Crypto Decision Will Backfire… In Time

SharpLink Gaming plans to offer up to $1 billion worth of shares of common 
stock in order to buy Ethereum to boost its holdings, continuing its efforts 
to build an Ether treasury. According to an SEC filing, the U.S.-based 
company…

SharpLink Gaming aims to raise $1b from share sale to boost Ethereum Treasury

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