Shiba Inu (SHIB) has witnessed a sharp uptick in momentum, climbing over 5% in 24 hours and crossing above the 200-day simple moving average (SMA)—a major technical milestone not seen since January 2025. The breakout is backed by an explosive spike in trading volume, reaching a staggering 4.88 trillion SHIB during early trading hours on July 18.
4.88 Trillion SHIB Volume Fuels Breakout
Between 01:00 and 05:00 UTC on July 18, SHIB’s price surged from $0.00001459 to $0.00001560, powered by volume levels that were more than 3x higher than the 24-hour average of 1.46 trillion SHIB.
This volume spike confirms strong investor participation and validates the breakout above the 200-day SMA, a level closely watched by institutional and retail traders alike.
A 12% trading range between $0.00001384 and $0.00001569 during the July 17–18 window further reinforces the strong price action.
What This Means for Shiba Inu Investors
The breakout above the 200-day SMA could mark the beginning of a broader bullish phase for SHIB, especially as altcoins and meme tokens regain momentum in light of favorable regulatory developments and rising AI-sector interest.
With trading volumes surging, exchange reserves dropping, and key resistance levels breaking, SHIB is now positioned for a potential move toward the $0.00001540 target zone, provided broader market support remains intact.
Conclusion
Shiba Inu’s recent price movement reflects a blend of technical strength, investor confidence, and on-chain validation. As altcoin momentum builds and volume-backed breakouts continue, SHIB may emerge as a leading meme asset in this market cycle.
Stay tuned for confirmation of sustained momentum above $0.00001520—and possible upside extension if whale accumulation persists.
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.
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