Shiba Inu Bounces Sharply From 16-Month Lows as Trading Volumes Soar
Shiba Inu (SHIB) has staged a strong V-shaped recovery after plunging to its lowest price in over a year, buoyed by a surge in trading activity, according to insights from CoinDesk’s AI research team.
The meme-inspired cryptocurrency rebounded to $0.00001080 after falling to a low of $0.00001025 late Sunday — its weakest level since February 2024, based on data from TradingView.
SHIB’s rebound coincides with Bitcoin reclaiming the $100,000 mark, as oil markets showed limited reaction to recent U.S. airstrikes on Iran.
Analysts at CoinDesk noted that SHIB’s recovery appears sustainable, driven by significant buying pressure that emerged late Sunday. Trading volumes surged past 2 trillion SHIB — more than double the typical 24-hour average — signaling strong interest from traders.
Technically, the rebound has been marked by a series of higher lows and higher highs, forming a textbook V-shaped recovery pattern. However, the rally has encountered resistance around $0.00001088 during Monday’s Asian trading session.
Key AI Insights
- SHIB recovered from a deep slide to $0.00001008, stabilizing near $0.00001081, supported by robust trading volumes during the bounce.
- Geopolitical tensions and global trade uncertainties continue to influence the crypto market, with SHIB’s price action reflecting a clear V-shaped rebound.
- Trading volume spiked dramatically to nearly 8 trillion SHIB during the 11:05 hourly candle, highlighting intense market activity.
- A double-top formation has emerged near $0.00001083, indicating notable selling pressure at that resistance level.
Hourly Chart Observations
- SHIB has successfully broken above the descending trendline that defined last week’s sell-off from Friday onward.
- Despite the recovery, the price has yet to move decisively above the Ichimoku cloud — a key momentum indicator — which would confirm a stronger bullish trend reversal.
