Shiba Inu (SHIB) is staging a cautious recovery after tumbling more than 16% in response to renewed U.S.-China trade tensions. The token briefly touched $0.00001038 following President Trump’s aggressive tariff announcement, which rattled global risk markets and triggered sharp outflows from crypto.
Despite the drawdown, underlying network growth remains robust. Shibarium, SHIB’s Ethereum-based layer-2 network, has now processed over 1 billion transactions across 10.3 million blocks — a significant milestone that reflects strong developer and user activity even amid market uncertainty.
Technically, SHIB is forming a bullish double-bottom pattern near $0.00001050. Price has since rebounded to $0.00001097 with strengthening volume, suggesting early signs of stabilization. Key resistance lies at $0.00001108, with a potential path to $0.00001150 if momentum continues.
However, sentiment in the derivatives market remains mixed. Open interest has declined by $454 million since January, and negative funding rates point to elevated caution among leveraged traders.
Highlights:
- SHIB declined 16.2% amid macro pressure, then bounced 4.2% intraday.
- Shibarium surpasses 1 billion total transactions, averaging 4.4 million daily.
- Recovery supported by technical structure and rising spot volume.
- Key upside levels: $0.00001108 (resistance), $0.00001150 (breakout zone).
While near-term volatility persists, continued ecosystem progress and improving technicals may provide a foundation for price stability moving forward.
