In a day marked by uncertainty across global markets, Shiba Inu’s SHIB token delivered a surprising turnaround, posting a strong rebound that highlights growing investor confidence despite economic turbulence.
Crypto markets spent much of the day under pressure as geopolitical concerns and shifting trade sentiment weighed on risk assets. SHIB was no exception—plunging during the 15:00 hour to a daily low of $0.0000139. But the dip was short-lived.
A wave of buying activity emerged during the 22:00 hour, sending SHIB up 3.0% on nearly 900 billion in trading volume. The move lifted the token to a new resistance level at $0.0000147, capping an impressive intraday comeback.
Market Recap & Price Action:
- SHIB moved within a 5.24% range over the last 24 hours, between $0.0000139 and $0.0000147.
- Intense sell pressure earlier in the day drove prices to session lows before reversing as volume support kicked in.
- A strong rally at 22:00 helped reclaim key levels, with high volume indicating conviction among buyers.
- The rally culminated in a new resistance line at $0.0000147, hinting at further upside if bulls maintain control.
- In the final hour, SHIB saw a sharp 4.5% swing between $0.00001453 and $0.00001463, signaling active short-term trading.
- A mini-surge occurred from 01:26 to 01:46, pushing the token to a high of $0.00001463 as trading volume hit 30.15 billion.
- Late-session selling led to a downward channel that eased the token back to $0.00001457, where it found tentative support.
While macro conditions remain fluid, SHIB’s strong rebound from its mid-day lows shows that dip-buying appetite remains healthy. If current support levels hold, traders may look for a test of the $0.0000147 resistance in the sessions ahead.
