SHIB Bounces Back Sharply, Driven by High Volume After Midday Fall

Shiba Inu (SHIB) recovered sharply from a midday dip, driven by strong trading volume as investors watch critical resistance points for a potential breakout.

The token hit an intraday low of 0.00001405 before rallying back, showing notable strength despite global economic headwinds.

A clear short-term support area is forming around 0.00001447, with immediate resistance near 0.00001452—levels that could define SHIB’s near-term direction.

Key Technical Details:

• Over the past 24 hours, SHIB’s price fluctuated within a 4% range, from 0.00001402 to 0.00001458.
• It bottomed out at 0.00001405 around 3 PM, then launched into a vigorous rally on above-average volume.
• The peak volume period was between 11 PM and midnight, during which SHIB jumped 1.44%, trading 756.55 billion tokens.
• A breakout above the 0.00001456 resistance with high volume could turn that level into future support.
• After touching 0.00001456 at 1:13 AM, SHIB slipped slightly to 0.00001446 by 1:32 AM.
• SHIB surged once more at 1:51 AM, clearing the 0.00001450 resistance with a 0.88% gain on elevated volume of 15.91 billion tokens.
• The short-term support zone seems to be solidifying near 0.00001447, with resistance close by at 0.00001452.

Traders will be watching these levels closely to gauge whether SHIB can maintain its upward momentum.