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SHIB Surges on Massive Volume After Mid-Day Plunge
Shiba Inu rebounds from intraday low with strong volume support, as traders eye key resistance levels for signs of a bullish breakout.
Updated Jun 2, 2025, 9:07 p.m. Published May 29, 2025, 4:14 p.m.
What to know:
- Rising geopolitical tensions between major economies are creating market volatility, with SHIB experiencing a 3.99% price range over 24 hours.
- Trade policy disputes between global powers are affecting cryptocurrency markets, with SHIB demonstrating remarkable recovery from its mid-day low of 0.00001405, according to CoinDesk Research's AI-assisted technical analysis data model.
- Inflation concerns and potential monetary policy shifts are influencing investor sentiment, though SHIB showed strength with a 1.44% surge during the 23:00-00:00 period on exceptionally high volume.
has demonstrated impressive resilience amid global economic uncertainties, recovering strongly after bottoming at 0.00001405 during mid-day trading.
The token's price action shows a clear structure forming with a short-term support zone around 0.00001447 and immediate resistance at 0.00001452 that could determine its near-term direction.
STORY CONTINUES BELOW
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Technical Analysis Highlights
- SHIB experienced significant volatility over 24 hours, with prices ranging from 0.00001402 to 0.00001458, representing a 4% overall range.
- The token bottomed at 0.00001405 during the 15:00 hour before staging a powerful rally on above-average volume.
- Most notable price action occurred during 23:00-00:00 period, where SHIB surged 1.44% on exceptionally high volume (756.55B).
- A high-volume resistance breakthrough at the 0.00001456 level could serve as strong support in future sessions.
- In the past hour, SHIB reached a local peak of 0.00001456 at 01:13 before declining to 0.00001446 around 01:32.
- SHIB surged 0.88% on elevated volume (15.91B) during the 01:51 period, breaking through the 0.00001450 resistance level.
- A short-term support zone appears to be forming around 0.00001447, with immediate resistance at 0.00001452.
External References
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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