Shiba Inu (SHIB) bounced back impressively from a midday slump, supported by surging trading volumes as traders focus on key resistance levels that may signal a bullish breakout.
After dropping to an intraday low of 0.00001405, SHIB quickly recovered, showing resilience despite broader market uncertainty.
The price action reveals a developing short-term support near 0.00001447, with immediate resistance hovering around 0.00001452—levels that will be crucial for the token’s next directional move.
Technical Highlights:
- SHIB’s price swung within a 4% band over the past 24 hours, moving between 0.00001402 and 0.00001458.
- The token found a floor at 0.00001405 during the 3 PM hour, before launching a sharp rally on heightened volume.
- The most notable surge happened between 11 PM and midnight, with SHIB gaining 1.44% on exceptional volume of 756.55 billion tokens traded.
- Breaking through resistance at 0.00001456 on strong volume could transform that level into solid support moving forward.
- After peaking at 0.00001456 at 1:13 AM, SHIB pulled back slightly to 0.00001446 by 1:32 AM.
- SHIB surged again at 1:51 AM, overcoming the 0.00001450 resistance with a 0.88% gain on elevated volume of 15.91 billion tokens.
- A short-term support zone appears to be forming near 0.00001447, with immediate resistance around 0.00001452.
Market watchers will be closely observing these key levels to determine if SHIB’s rally can sustain momentum.
