Massive 2 Trillion SHIB Volume Powers Shiba Inu’s Sharp V-Shaped Turnaround

Shiba Inu Stages V-Shaped Rally From 16-Month Lows Amid Surge in Trading Activity

Shiba Inu (SHIB) has bounced sharply from its lowest levels in over a year, with a wave of trading activity signaling renewed interest in the popular meme token, according to CoinDesk’s AI research division.

The price of SHIB rebounded to $0.00001080 after briefly plunging to $0.00001025 late on Sunday — the token’s weakest point since February 2024, based on TradingView data.

This rebound came as Bitcoin reclaimed the $100,000 level, while oil prices remained relatively stable despite the geopolitical tensions stemming from recent U.S. airstrikes on Iran.

CoinDesk’s AI analysis indicates SHIB’s recovery appears to have solid footing, driven by significant buying momentum that emerged late Sunday. Trading volumes topped 2 trillion SHIB — more than twice the usual daily average — highlighting strong participation from traders.

Technically, the rebound has shaped into a classic V-shaped pattern, characterized by higher lows and higher highs. However, the move has run into resistance near $0.00001088 during Monday’s Asian trading hours.

Key AI Insights

• SHIB has bounced back from a dip to $0.00001008 and is now stabilizing near $0.00001081, with robust trading volume underpinning the recovery.
• Persistent geopolitical tensions and trade-related uncertainties remain major influences on crypto markets, with SHIB reflecting a distinct V-shaped rebound pattern.
• Trading volumes spiked significantly, reaching nearly 8 trillion SHIB during the 11:05 hourly candle, indicating strong market engagement.
• A double-top formation is visible around $0.00001083, suggesting substantial selling pressure at that resistance level.

Technical Chart Highlights

• SHIB has broken above the descending trendline that had defined its sell-off since last Friday.
• Despite the rally, prices have yet to push convincingly above the Ichimoku cloud — a key momentum signal — which would confirm a more decisive bullish trend reversal.