SHIB Sustains Strength Above Vital Support Level as Volume Spikes by Nearly Four Times

SHIB Holds Key Support at $0.000015 Amid Volume Surge, Signaling Strong Buyer Interest

Shiba Inu (SHIB) rebounded sharply on May 22, maintaining a critical support level of $0.000015 despite earlier volatility. The rebound was accompanied by a nearly fourfold increase in trading volume, underscoring robust demand and accumulation from market participants.

The token’s recovery from a low of $0.0000143 was backed by an extraordinary surge in volume, suggesting that institutional or large-scale buyers stepped in amid the sell-off, countering retail-driven panic.

Throughout the trading session, SHIB repeatedly tested resistance around $0.0000151, with buying pressure steadily building. This pattern indicates a potential for continued upward momentum if accumulation persists.

Technical Snapshot:

• SHIB gained approximately 2.85% over 24 hours, fluctuating between 0.0000146 and 0.0000150, reflecting moderate volatility.
• After dipping to 0.0000143 at 17:00, the token swiftly recovered, buoyed by a spike in volume to 2.83 trillion—almost 4x the average.
• Resistance near 0.0000151 was challenged twice, accompanied by consolidation and accumulation signals late in the session.
• Between 23:00 and 01:00, three high-volume candles established firm support above the $0.000015 mark.
• A late-night surge pushed SHIB beyond resistance to a peak of 0.00001514, with volume peaking at nearly 80 billion during this rally.
• A sharp but brief 5% correction followed, stabilizing around 0.00001505 as traders consolidated gains.

This combination of strong volume and price action indicates growing confidence, possibly setting the stage for a bullish continuation.