Shiba Inu (SHIB) has staged a sharp V-shaped recovery, bouncing from its lowest price since February 2024. After dipping to $0.00001025 late Sunday, the meme coin swiftly rebounded to $0.00001080, showing strong bullish momentum backed by exceptional trading volumes.
SHIB’s Rebound Driven by Surge in Volume
The turnaround came amid rising confidence in crypto markets, especially as Bitcoin reclaimed the $100,000 mark despite rising geopolitical tensions between the U.S. and Iran. SHIB’s reversal was particularly notable for its volume dynamics, with over 2 trillion SHIB tokens traded in a 24-hour window — more than double the average.
At one point, volume spiked to 8 trillion SHIB in a single candle (11:05), highlighting aggressive market participation from both retail and institutional traders.
Technical Patterns Support Bullish Case
SHIB’s series of higher lows and higher highs since Sunday suggests a sustainable recovery pattern. However, the token is facing resistance near $0.00001088, where a double-top formation is emerging. This pattern, if confirmed, may temporarily cap further upside unless buying pressure continues to dominate.
Price action has remained above key short-term support levels, signaling that dip-buying is active and confidence is returning.
Geopolitical and Macro Influences Remain
SHIB’s recovery isn’t isolated. It mirrors broader crypto resilience seen after the U.S. airstrikes on Iranian nuclear sites, which briefly rattled markets over the weekend. As oil prices remained muted and Bitcoin regained strength, meme coins like SHIB benefited from renewed speculative appetite.
That said, ongoing geopolitical uncertainties and global trade tensions may continue to cause volatility, so traders are advised to monitor macro headlines alongside technical signals.
What’s Next for SHIB?
The recovery to $0.00001080, backed by above-average trading volumes, suggests the token may be entering a short-term accumulation phase. If SHIB breaks above the $0.00001088 resistance, it could target the next level at $0.00001120.
Until then, $0.00001025 remains a crucial support, and a break below could invalidate the bullish setup.
Shiba Inu’s recent movement is a reminder of how volume surges and market psychology play a critical role in meme token rallies. Investors will be watching closely to see if this bounce marks the beginning of a larger trend.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.