SHIB Bounces Back Strong, Holding Above $0.000015 Amid Quadrupled Trading Volume
Shiba Inu (SHIB) demonstrated notable resilience on May 22, recovering sharply from a sudden dip to maintain a key support level at $0.000015. This rebound was powered by a significant spike in trading activity, with volumes soaring nearly four times higher than average.
The sharp increase in volume during the price drop suggests robust accumulation by larger players, signaling confidence despite short-term volatility.
Throughout the trading session, SHIB repeatedly challenged resistance near $0.0000151, indicating strong buying interest and setting up for a possible upward trend continuation if current momentum holds steady.
Key Technical Details:
- Over 24 hours, SHIB climbed roughly 2.85%, ranging between 0.0000146 and 0.0000150, with a volatility band of 5.64%.
- At around 17:00, the token hit a low of 0.0000143 but was quickly supported by surging volume.
- Volume jumped to an extraordinary 2.83 trillion, nearly 4x the usual, underpinning the recovery.
- Resistance near 0.0000151 was tested twice, while accumulation signals intensified in the final hours.
- A cluster of high-volume candles between 23:00 and 01:00 cemented support just above $0.000015.
- A late-session rally pushed prices above 0.0000151, peaking at 0.00001514 by 01:31, helped by an 80-billion volume candle at 01:36.
- A quick retracement followed, with prices pulling back roughly 5% to 0.00001505 before stabilizing.
The strong volume and price support paint a picture of growing investor confidence, potentially paving the way for further gains.
