SHIB Surges on Massive Volume After Mid-Day Plunge

Shiba Inu (SHIB) has demonstrated impressive resilience amid global economic uncertainties, recovering strongly after bottoming at 0.00001405 during mid-day trading.

The token's price action shows a clear structure forming with a short-term support zone around 0.00001447 and immediate resistance at 0.00001452 that could determine its near-term direction.

Technical Analysis Highlights

• SHIB experienced significant volatility over 24 hours, with prices ranging from 0.00001402 to 0.00001458, representing a 4% overall range.
• The token bottomed at 0.00001405 during the 15:00 hour before staging a powerful rally on above-average volume.
• Most notable price action occurred during 23:00-00:00 period, where SHIB surged 1.44% on exceptionally high volume (756.55B).
• A high-volume resistance breakthrough at the 0.00001456 level could serve as strong support in future sessions.
• In the past hour, SHIB reached a local peak of 0.00001456 at 01:13 before declining to 0.00001446 around 01:32.
• SHIB surged 0.88% on elevated volume (15.91B) during the 01:51 period, breaking through the 0.00001450 resistance level.
• A short-term support zone appears to be forming around 0.00001447, with immediate resistance at 0.00001452.

External References

• "Shiba Inu (SHIB) and Dogecoin (DOGE) Holders Enter Viral Altcoin at $0.03 as Utility Season Nears", Cryptopolitan, May 28, 2025.
• "Missed Out on Shiba Inu (SHIB)? Don’t Miss Out on This New Crypto for 5000% ROI", Cryptopolitan, May 28, 2025.