Share this article
Shiba Inu's V-Shaped Recovery Driven By Over 2T SHIB in Volume
Shiba Inu has experienced a V-shaped recovery from 16-month lows.
Jun 23, 2025, 11:58 a.m.
Make us preferred on Google
What to know:
- Shiba Inu has experienced a V-shaped recovery from 16-month lows.
- The cryptocurrency's price rebounded to $0.00001080 after hitting a low of $0.00001025, with buying pressure emerging late Sunday.
- SHIB's recovery is marked by strong volume support, with trading volumes exceeding 2 trillion SHIB, more than double the 24-hour average.
Shiba Inu's {{SHIB}} v-shaped price recovery from 16-month lows is characterized by a surge in trading volumes, according to CoinDesk's AI research.
The meme cryptocurrency has bounced to $0.0000$1080, having hit a low of $0.00001025 late Sunday. That was the lowest level since February 2024, according to data source TradingView.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The bounce comes as bitcoin, the leading cryptocurrency by market value retook the $100,000 handle after oil's largely muted response to the U.S. airstrikes on Iran.
SHIB's recovery appears sustainable, driven by a surge in trading volumes. According to CoinDesk's AI insights, buying pressure emerged late Sunday, with volume exceeding 2 trillion SHIB, more than double the 24-hour average.
The subsequent bounce, represented by a series of higher lows and higher highs, ran into resistance near $0.00001088 during Monday's Asian trading hours.
Key AI insights
- SHIB has recovered from a significant dip to $0.00001008, stabilizing around $0.00001081 with strong volume support during the recovery phase.
- Geopolitical tensions and trade disputes continue to influence cryptocurrency markets, with SHIB's price action forming a clear V-shaped recovery pattern.
- Volume spiked to nearly 8 trillion units during the 11:05 candle, indicating strong market participation.
- A double-top pattern formed at around $0.00001083, with significant selling pressure at this resistance level.
Hourly chart
- SHIB's price has taken out the descending trendline, characterizing the sell-off from Friday.
- Prices, however, are yet to cross above the Ichimoku cloud, a momentum indicator. That would confirm a bullish trend reversal.
More For You
More For You
Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025
Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock's iShares Bitcoin ETF (IBIT) in the fourth quarter.
What to know:
- Two major Abu Dhabi investment firms, Mubadala Investment Company and Al Warda Investments, increased their holdings of BlackRock’s iShares Bitcoin Trust (IBIT) in the fourth quarter of 2025 as bitcoin’s price fell.
- Mubadala lifted its IBIT stake to 12.7 million shares and Al Warda to 8.2 million shares.
- Together, they held a combined position that exceeded $1 billion at the end of 2025 but has since declined to just over $800 million amid further bitcoin losses in 2026.
