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.
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 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
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Bitcoin trails polar opposites, gold and copper, as 'fear and AI' trade lifts tangible assets
Gold and copper have outperformed other major assets this year, with gold rallying more than copper.
What to know:
- Gold and copper have outperformed other major assets this year, with gold rallying more than copper.
- Bitcoin has underperformed, failing to attract both fear-driven and AI-driven investment, highlighting a shift towards tangible assets.
- The divergence in performance between gold and copper reflects market bets on both AI-driven growth and systemic financial fears.
Top Stories
